Dec. 12, 2014: In March 2013, the Harvard University Kennedy School of Government issued a report on the costs of Americas wars in Iraq and Afghanistan. America has financed its $2 trillion war mainly by borrowing from foreign lenders. It has in fact only paid $260 billion of that so far, which is merely the interest accrued on our debt. And predict that the cost end up being $4 trillion at its most conservative and $6 trillion at its highest. World War II cost $4.10 trillion (adjusted for inflation). Comparatively, Vietnam totaled $738 billion. About 2.1 million people served in Iraq and Afghanistan. The protracted length of the wars, combined with the breakdown and transport of military equipment in harsh desert environments, have contributed to higher costs. On the personnel side, the Harvard report states that military pay and benefits have increased since 2004 to counter declining recruitment in the face of the wars rising casualties. truth-out.org/news/item/27973-us-war-debt-is-over-2-trillion-obama-wants-to-spend-more-but-is-that-the-answer
Posted on: Sun, 14 Dec 2014 05:59:07 +0000
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