Tuesday, August 16, 2011

Wars And Their Ripple Effects Have Cost US $3.7 trillion - Or More Than $12,000 Per American

What could you do with $12,000 dollars right now? Would the economic crisis be over if suddenly every American received a 12K check in the mail? McClatchy News reports on a Brown University study aimed at tabulating the actual cost in dollars and the ripple effect of these wars in Afghanistan and Iraq on society. Their main conclusion "no one really knows" the extent of damage war has done and will continue to do, and let us not forget the 225,000 humans who have died or those who continue to be deeply effected by these wars.

"When congressional cost-cutters meet later this year to decide on trimming the federal budget, the wars in Afghanistan and Iraq could represent juicy targets. But how much do the wars actually cost the U.S. taxpayer?
Nobody really knows.
Yes, Congress has allotted $1.3 trillion for war spending through fiscal year 2011 just to the Defense Department. There are long Pentagon spreadsheets that outline how much of that was spent on personnel, transportation, fuel and other costs. In a recent speech, President Barack Obama assigned the wars a $1 trillion price tag.
But all those numbers are incomplete. Besides what Congress appropriated, the Pentagon spent an additional unknown amount from its $5.2 trillion base budget over that same period. According to a recent Brown University study, the wars and their ripple effects have cost the United States $3.7 trillion, or more than $12,000 per American."

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