“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.”
By Julia Conley, staff writer for Common Dreams. Published 11-15-2018Wa
Total U.S. spending on war and all of its related costs will hit nearly $6 trillion by the end of 2019, according to the Watson Institute (Photo: Carpetblogger/flickr/cc)
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. Continue reading