NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home> NewsBrief>World1
Report says Iraq, Afghanistan wars cost $1.6 trillion
Latest Updated at 2007-November-14 10:25:30
Related News
Bush asks for patience with Iraq war
U.S. anti-war protestors call for "end to Iraq war", "No military attacks on Iran"
World1
Report says Iraq, Afghanistan wars cost $1.6 trillion
Musharraf pledges to quit as army chief, sets election deadline
8 dead in Finland school shooting
"Year of China" ends in Russia

The wars in Iraq and Afghanistan have cost the United States about 1.6 trillion U.S. dollars, a report released on Tuesday estimates.

The figure, for the period from 2002 to 2008, translates into a cost of 20,900 dollars for a family of four, says the report by the U.S. Congress' Joint Economic Committee.

According to the report, the total economic costs brought by the Iraq war only were estimated at 1.3 trillion dollars during the period, meaning 16,500 dollars for a family of four.

From 2003 to 2017, both wars are estimated to cost 3.5 trillion dollars. Under that scenario, it would cost a family of four 46,400 dollars.

The White House has requested from Congress 804 billion dollars for the Iraq and Afghanistan wars combined. But in an attempt to calculate the total price the United States has paid for the two wars, the report also takes into consideration "hidden" costs such as interest payments on the money borrowed to pay for the wars, lost investment, the expense of long-term health care for injured veterans and the cost of oil market disruptions.

"What this report makes crystal clear is that the cost to our country in lives lost and dollars spent is tragically unacceptable," said Joint Economic Committee Chairman and Democratic Senator Chuck Schumer in a statement.

The House of Representatives prepares to vote later this week on another bill in which congressional Democrats attempted to set a deadline for troop withdrawal from Iraq as a condition for providing another 50 billion dollars for the war.聽聽

Editor: Donald

By: Source: China View website

The 102nd Canton Fair unveils new logo

Man. United stars arrive in Guangzhou

[Group Photo]The Zhuxian Cave in Zhuhai

Hu attends opening ceremony of Shenzhen Bay Port

Pirates of the Caribbean 3 premieres in China
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips