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WASHINGTON, April 21 (Xinhua) -- The costs of the
U.S.-led invasion of Iraq have far exceeded the initial estimate, and final sum
could top 1 trillion U.S. dollars, ABC News reported Friday.
ABC analyst Tony Cordesman, who also holds the Arleigh A. Burke Chair in Strategy for the Center for
Strategic and International Studies (CSIS), said the exorbitant costs come down
to poor planning.
"When the administration submitted its original
budget for the Iraq war, it didn't provide money for continuing the war this
year or any other. We could end up spending up to one trillion (dollars) in
supplemental budgets for this war," he said.
Other analysts say the increases can be blamed on the
rising cost of maintaining military equipment and developing new equipment.
As the cost of military equipment escalates, the cost
of the war escalates.
In fact, developing state-of-the-art weapons to
defeat insurgents and their roadside bombs will hit the wallets of American
taxpayers for years to come.
The costs of the war have already far exceeded the
Bush administration's initial projection of 50 billion dollars.
According to the Center for Strategic and Budgetary
Assessments(CSBA), a Washington think-tank, for military operations alone, the
United States spent 48 billion dollars for Iraq in 2003, 59 billion in 2004, and
81 billion in 2005.
The center predicts the figure will balloon to 94
billion for 2006, which equates to a 1,205-dollar bill for each of 78 million
U.S. families, on top of taxes they already pay.
Except the budget for military operations, there will
also be huge costs for rebuilding Iraq and compensating wounded U.S. soldiers
and families of the dead ones.
Meanwhile, there is no schedule for the end of U.S.
military operations in Iraq and U.S. President George W. Bush had said that U.S.
troops may remain there even after he leaves office in January 2009.
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