New Study Details 'Staggering' $6 Trillion (and Counting) Price Tag of Endless US War
While the human costs will remain impossible to calculate, a new analysis shows that the Pentagon barely scratched the surface of the financial costs of U.S. wars since September 11, 2001 when it released its official estimate last August regarding how much the U.S. has spent on fighting in Iraq, Afghanistan, Pakistan, and elsewhere.
The Watson Institute for International and Public Affairs reports (pdf) that by the end of the 2019 fiscal year, the U.S. will have spent $5.9 trillion on military spending in Afghanistan, Iraq, Syria, and other countries, as well as veterans’ care, interest on debt payments, and related spending at the Homeland Security and State Departments.
The figure far exceeds the Pentagon’s estimate of $1.5 trillion in total spending since September 11—a number that does not even account for combined State Department spending and the Pentagon’s war fund, which totals $1.8 trillion according to the Watson Institute.
“We were told to expect wars that would be quick, cheap, effective and beneficial to the U.S. interest,” said Neta Crawford, the author of the study, at a news conference hosted by Sen. Jack Reed (D-R.I.) on Tuesday. “The U.S. continues to fund the wars by borrowing, so this is a conservative estimate of the consequences of funding the war as if on a credit card, in which we are only paying interest even as we continue to spend.”
Veterans’ healthcare, benefits, and disability spending alone has cost the U.S. $1 trillion, as nearly three million Americans have deployed to countries including Iraq and Afghanistan since 2001, many for numerous tours.
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