A report by the Cost of War Projects has claimed that the US spent $4.79 trillion on wars in the Middle East and on the ‘War on Terror’ after the September 2001 terrorist attacks.

The report which is run by Brown University’s Watson Institute, counted the total budgetary cost of the wars America waged in Afghanistan, Iraq, Pakistan and Syria as well as on counter-terrorism and includes future obligations to spend budgetary money through 2053, estimated future spending on veterans, interest already paid for money borrowed for the war effort and other commitments.

“Interest costs for overseas contingency operations spending alone are projected to add more than $1 trillion to the national debt by 2023. By 2053, interest costs will be at least $7.9 trillion unless the US changes the way it pays for the wars,” wrote report author Neta Crawford, professor of political science at Boston University and co-director of the Costs of War Project.

“This paper’s estimate of current and future costs of war greatly exceeds pre-war and early estimates. Indeed, optimistic assumptions and a tendency to underestimate and undercount war costs have, from the beginning, been characteristic of the estimates of the budgetary costs and the fiscal consequences of these wars,” the report said.

 

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Munawar Abbas
Munawar Abbas
2016-09-17 08:08

wrong headline. us spent 5 trillion on terrorist to fight in syria

Daeshbags Sux
Daeshbags Sux
2016-09-17 18:30
Reply to  Munawar Abbas

With 5 trillions, they could pay for around 60,000 jet fighters…

Georgia Palermo
Georgia Palermo
2016-09-17 08:45

. That’s what the money is plentiful for. #War is an investment in #globalization #geopolitics #oilandgas #trafficking

sam
Newbie
sam
2016-09-17 04:43

Well they spent many billions of dollars training ,arming the so called FSA which is really the ISIS fighters ,the crooks and dummys running USA government are a joke

9/11 No Planer
9/11 No Planer
2016-09-17 04:31

while I’ve been barred from college for past decade and foreseeable future due to tuition balance of less than 10k @Columbia

change better world
change better world
2016-09-17 05:12

US #WarOnTerror spent nearly $5 trillion – report
@DonJohnstonLC
https://t.co/v8uAXuwNpd https://t.co/rfWKOfXuG1

zaz
Regular
Upvoted
zaz
2016-09-17 08:37

going broke! No sale of arms or stolen oil is going to compensate or prevent from going bust!

Daeshbags Sux
Daeshbags Sux
2016-09-17 18:40
Reply to  zaz

You forgot 2 major points : US are the 1st oil producer now and spend about half of the world military budget in their army which’s best asset is not what you think about, it’s their navy! 90 if not 95% of world’s trades are made by sea and who is controlling the oceans?
Just look at US Navy ship list and now have fun to think about how to embargo them and guess who’ll end with a blocus. In other terms, they don’t give a f**k about a debt they’ll never pay back…