The Command Post
Iraq
May 26, 2003
Money Injected Into Iraq At Rate Of A Million Dollars A Day

More from the Boston Globe:

Though the Bush administration has not disclosed an estimate for the costs of reconstruction in Iraq, private research institutes have said it could be $100 billion.

Here is some of the Iraqi, U.S. and international money American officials say they'll have to spend on the effort:

$1.7 billion in Iraqi funds frozen in 1990 by the United States under economic sanctions. Some $200 million has been drawn from the account so far.

$1.1 billion in Iraqi funds frozen by other nations since the 1991 Persian Gulf War.

$1 billion in American bills taken from Iraq's central bank by the former regime and found hidden around the country.

Read the rest ...

Posted By Alan at May 26, 2003 06:06 PM | TrackBack
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IOW, exactly equal to Microsoft's anti-trust fine. ($1M/day)

Posted by: TBox at May 27, 2003 10:51 AM

Auditing the "proper use" of those funds wil no doubtl be entrusted to former Andersen accountants.

Posted by: romo at May 27, 2003 12:31 PM

What? One Million Dollars per day? Thats only $365 million per year....it would take 3 years to spend One Billion Dollars. I smell Austin Powers...is he behind this insanity....only he can spend ONE HUNDRED BILLION DOLLARS!! ha ha
They should fire the headline writer for not passing arithmetic when he was in the 3rd grade!!

Posted by: DickD at May 27, 2003 11:53 PM

LoL! I was thinking the same thing
A million a day seems kinda stingy to me

Posted by: Bubba at May 28, 2003 09:14 AM
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