September 12, 2016

THE PEACE DIVIDEND IS SWEET:

Wars in Iraq, Afghanistan Have Cost the US Nearly $5 Trillion (Ciro Scotti, September 12, 2016, Reuters)

In a new update on the devastating economic cost, the Watson Institute's Costs of War Project says the U.S. has spent or is on the hook for $4.8 trillion and could wind up paying out almost $8 trillion when the final accounting is done.

The $4.8 trillion includes "direct congressional war appropriations; war-related increases to the Pentagon base budget; veterans care and disability; increases in the homeland security budget; interest payments on direct war borrowing; foreign assistance spending; and estimated future obligations for veterans' care.

Sure, that's chump change to defeat the Wahabbi/Salafists, given an $18 trillion GDP, but there are lots of good things we can spend the next $8 trillion on.



Posted by at September 12, 2016 4:35 PM

  

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