Insomnia (insomnia) wrote,
Insomnia
insomnia

The war in Iraq is ending... at least for some.

No money left?! We're *SO* outta here! Iraq is passe anyways...

So, that means that the rest of the world is going to step up and rebuild Iraq now, right? Not quite. The World Bank had estimated in 2003 that it would take $56 billion dollars (unexpectedly high security costs not included...) to rebuild Iraq. The US allocated and has spent about $18.7 billion dollars, and the international community pledged $13.5 billion dollars, but few countries are willing to fulfill their pledges under the circumstances. Only about $1 billion dollars of that $13.5 billion has been disbursed.

In other words, only about $20 billion out of $56 billion needed to rebuild Iraq is really there, and out of that $20 billion, security costs unexpectedly ate up about $6 billion. That leaves Iraq's international reconstruction effort about 25% done, with the insurgents still around, trying to destroy it.

If you're the last contractor left in Iraq, be sure to turn out the lights out when you leave.

"Turn out the lights
The party's over
They say that
All good things must end
Call it tonight
The party's over
And tomorrow starts
The same old thing again..."

- Willie Nelson
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