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Montevideo, December 3rd 2016 - 04:33 UTC

US latest wars have cost the Treasury 4.4 trillion USD, says academic report

Wednesday, June 29th 2011 - 16:26 UTC
Full article 6 comments
The period covers since 2011 and involves Afghanistan, Iraq and Pakistan The period covers since 2011 and involves Afghanistan, Iraq and Pakistan

United States President Barack Obama cited cost as a reason to bring troops home from Afghanistan and referred to a one trillion US dollars price tag for US wars. The figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the US Treasury and ignores more imposing costs yet to come, according to a study released Wednesday.

The final bill will run at least 3.7 trillion USD and could reach as high as 4.4 trillion, according to the research project “Costs of War” by Brown University's Watson Institute for International Studies. (www.costsofwar.org).

In the 10 years since US troops went into Afghanistan to root out the al Qaeda leaders behind the September 11, 2001, attacks, spending on the conflicts totalled 2.3 trillion to 2.7 trillion USD.

Those numbers will continue to soar when considering often overlooked costs such as long-term obligations to wounded veterans and projected war spending from 2012 through 2020. The estimates do not include at least one trillion USD more in interest payments coming due and many billions more in expenses that cannot be counted, according to the study.

In human terms, 224,000 to 258,000 people have died directly from warfare, including 125,000 civilians in Iraq. Many more have died indirectly, from the loss of clean drinking water, healthcare, and nutrition. An additional 365,000 have been wounded and 7.8 million people – equal to the combined population of Connecticut and Kentucky – have been displaced.

“Costs of War” brought together more than 20 academics to uncover the expense of war in lives and dollars, a daunting task given the inconsistent recording of lives lost and what the report called opaque and sloppy accounting by the US Congress and the Pentagon.

The report underlines the extent to which war will continue to stretch the US federal budget, which is already on an unsustainable course due to an aging US population and skyrocketing healthcare costs.
 

Top Comments

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  • briton

    MONEY MONEY MONEY
    The evil of the modern world,
    Can’t live with it
    Can’t live without it.
    And the Americans are feeling the pinch,
    Cutbacks are in order, and others will follow,
    [And what’s this to do with Argentina, nothing absolutely nothing ??]

    Jun 29th, 2011 - 07:08 pm 0
  • Fido Dido

    The US is bankrupt, the rest of the world already knows that. By the way, this article has nothing to do with mercosul/mercosur.

    Jun 29th, 2011 - 08:01 pm 0
  • Zethee

    Troll article

    Jun 29th, 2011 - 10:23 pm 0
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