Discover Yahoo! With Your Friends

Explore news, videos and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    The Lookout

    How much will our wars cost? Report says $4 trillion

    Afghan National Army tanks: U.S. NavyA new report out of Brown University estimates that the U.S. wars in Afghanistan and Iraq--together with the counterinsurgency efforts in Pakistan--will, all told, cost $4 trillion and leave 225,000 dead, both civilians and soldiers.

    The group of economists, anthropologists, lawyers, humanitarian personnel, and political scientists involved in the project estimated that the cost of caring for the veterans injured in the wars will reach $1 trillion in 30 or 40 years. In estimating the $4 trillion total, they did not take into account the $5.3 billion in reconstruction spending the government has promised Afghanistan, state and local contributions to veteran care, interest payments on war debt, or the costs of Medicare for veterans when they reach 65.

    The Congressional Budget Office, meanwhile, has assessed the federal price tag for the wars at $1.8 trillion through 2021. The report says that is a gross underestimate, predicting that the government has already paid $2.3 trillion to $2.7 trillion.

    More than 6,000 U.S. troops and 2,300 contractors have died since the wars began after Sept. 11. A staggering 550,000 disability claims have been filed with the VA as of 2010. Meanwhile, 137,000 civilians in Afghanistan and Iraq have died in the conflict. (Injuries among U.S. contractors have also not yet been made public, further complicating the calculations of cost.) Nearly 8 million people have been displaced. Check out Reuters' factbox breaking down the costs and casualties here.

    Perhaps the most sobering conclusion of the researchers is that it's unclear whether the human and economic costs are worth it. Saddam Hussein and Osama bin Laden are now dead, the Taliban is marginalized, and the dangerous terrorist network al-Qaeda has been all but destroyed. But Iraq and Afghanistan are far from being stable democracies. Meanwhile, the half a percentage point a year in GDP growth the war has fueled has been offset by the enormous increase in the national deficit, the report says.

    "We decided we needed to do this kind of rigorous assessment of what it cost to make those choices to go to war," study co-director Catherine Lutz told Reuters. "Politicians, we assumed, were not going to do that kind of assessment."

    The researchers recommend that the U.S. government be more transparent in disclosing the costs of its wars to taxpayers, by including the costs of future health care for veterans, the cost of paying interest on debt taken out to fund the wars, and estimating how much state and local governments take on in war costs. You can see their recommendations here.

    (Afghan National Army tanks: U.S. Navy)

     

    3,867 comments

    • dan  •  7 mths ago
      Obama is continuing the same policies as W. All these wars will stop when the US economy and currency both fail. Maybe it's the fate we deserve for choosing such crooks to run the place.
    • ps  •  7 mths ago
      It is not worth if, we are the idiots of world, we send trillions on this waste and other countries spend trillions wiping out our economy
    • GREGORY  •  7 mths ago
      All for our Jewish girlfriend Israel. This "special relationship" is going to bankrupt the USA.
    • Dana  •  7 mths ago
      Can anyone deep within the shadow government tell the rest of the American people why are we really into fighting in Libya now the Sudan, Yemen, Saudi Arabia, those areas. Not the reason that we are there to help the oppressed people there. 'Coz we should have been in Burma and Darfur a long time ago already if this the reason. What is the real reason ?????
    • Bored  •  7 mths ago
      It won't cost a fraction of that if they will quit acting like bumbling idiots, and for one thing, not lose money that has already been sent over there...if many folks in our gov't were working for the private sector, they would be out of a job already.
    • T F  •  1 mth 19 days ago
      the war is over. how much was it after all? can we figure this out?
    • Richard  •  St. Louis, United States  •  3 mths ago
      How come I NEVER hear the republicans gripe about all the money the Bush people cost Amercia? All I ever hear is how much Obama is spending well look at it this way ,at least he spent it on the American people NOT some rag head in a country that will never have peace
      Let's get OUT NOW REMEMBER WMD???
    • BillP  •  7 mths ago
      I think Bin Laden is winning. His legacy will be he won because the US spent itself into bankruptcy over fighting terrorism.
    • Jules Verne  •  7 mths ago
      What a total waste. The U.S. gained nothing from these stupid wars. We didn't even get a oil discount. I feel sorry for all the ignorant people that bought into this lie especially the ones hat lost loved ones. Of coure the wealthy in this country profited nicely, (Dick Cheney and Co.). We Americans never seem to learn history's lessons. Short attention spans and memories I reckon...................cheers.
    • b  •  7 mths ago
      I am an independent Centrist, and I wonder how G.W. Bush sleeps at night. 200k dead and 4 trillion dollars of US taxpayer dollars wasted with nothing to show.
    • Susan  •  7 mths ago
      My city is closing 14 of its 17 libraries and our school district just gave out 600 pink slips. Colleges are raising their fees between 5 and 10 percent so many kids will not be able to attend. Our priorities in this country are really messed up. The military industrial complex comes first. Our kids, last.
    • Army  •  7 mths ago
      And the republican fools blame Obama for our economic difficulties. That's a laugh.
    • Kimmie72  •  7 mths ago
      As President, Ron Paul's knowledge and deep understanding of history is crucial to bring back America from the brink of self destruction.
    • sdgf s  •  7 mths ago
      Wow 4 trillion in wars alone, how much money did bush and the republicans spend on the rich tax cut, just a couple trillion more? Arent Republicans suppose to be conservative and not spend money?
    • boredom  •  7 mths ago
      That's another thing that really chaps my a@#$% these countries like Libiya and Syria that have these uprisings againest dictatorship and then these people that are living in the US that are from those countries start howling and wanting our government to do something and get all these special interest groups, and rich actors and actresses involved in trying to save there people, the reason they came to the US was to get away from that kind of stuff so if they have people they care about left behind then let them go back and help them out and quit getting us involved. We have enough people right here in the US that need our help far worse than these foreign countries. Like one of the poster's commented China is laughing its A@#$% off and we are going to be so sorry for that in the near future. China's time is coming and our government is helping them to walk right in and take over, are you ready to hand your house and car keys over to China, I'm not.
    • Dan Sustaya  •  7 mths ago
      I agree that we will have spent trillions (even though some of the calculations are questionable- but for the sake of argument..) it averages to 100 billion per year. I would like Brown University to do the same calculations for our social welfare costs - Now that will be eye-popping!!!!
    • Kyle  •  7 mths ago
      Pathetic... and what have we really gained? Sooooo not worth the price of admission
    • Sf Tparty  •  7 mths ago
      Instead of the the corporate war profiteers pocketing all that money, We could have had health care for every American!!!
      Now the corrupt congress wants to take away health care for many seniors. Folks, are ya Ready to march on Washington?
    • JR  •  7 mths ago
      Eisenhower was right!
    • CJ  •  7 mths ago
      What a waste of $. Our cities and infrastructures are falling apart. Hey I've got an idea, why don't we take a 10 year break from war and rebuild America?

    About The Lookout

    The Lookout is the Yahoo! News national affairs blog focusing on America’s most important and interesting stories.

    Subscribe

    [X]

    How to subscribe

    Roll over each section to subscribe using Add to My Yahoo! or RSS Feed feeds.

    Yahoo! News offers dozens of RSS feeds you can read in My Yahoo! or using third-party RSS news reader software. Click here to find out more about RSS and how you can use it with Yahoo! News.

    Meet The Lookout Team

    Loading...

    The Upshot Network

    Edited by Dylan Stableford
    Edited by Laura Rozen
    Edited by Zachary Roth
    Edited by Eric Pfeiffer
    Edited by Holly Bailey