On the recordAugust 2, 2007
Let me also state that, in addition to the dreadful, awful loss of our service persons and the terrible wounding and mangled 30,000 or more, there's another cost to this war, Mr. Speaker. A new estimate is that the war in Iraq will cost the taxpayers of the United States $1 trillion. We are spending at the rate of $10 billion a month. Obviously, this is money that we don't have. We're borrowing mainly from four sources, the first one being China, Japan, South Korea; and, Mr. Speaker, as this debt piles up, it will take generations for our children, our grandchildren, our great-grandchildren and our great-great-grandchildren simply to pay off. So let me stop as I began, to again express my sorrow to the people of Minnesota and make it clear that the spending on this war, which is rife with corruption, I do need to say, that in addition to 160,000 military persons in Iraq, we have 185,000 contractors, spending tax money at an enormous rate.
Source
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