Sunday, 1 August 2010

Going Down the Hole : Cost of War - Rethink Afghan War - Part 3

The cost of Obama's losing war in Afghanistan is now reaching astronomical levels.
Nobody really knows what the money is being spent for - RP


The wars in Iraq, Afghanistan and elsewhere, initiated by the Bush Minor administration as the “war on terror,” have now cost over $1 trillion, according to the Congressional Research Service. It is the most expensive conflict in US history in real dollars with the exception of World War II. By 2017 the cost is expected to more than double to $2.4 trillion. Economists Joseph Stiglitz and Linda Bilmes predicted that the wars would cost $3 trillion once you figure in the cost of care for veterans, but it increasingly seems as though their estimate is low.

In the wake of the financial collapse of the United States, moreover, that is trillions that we do not have (Bush borrowed most of the cost of his wars from future generations at the same time he cut taxes on the wealthy, setting things up so as to push the middle class into poverty while establishing a permanent super-rich oligarchy of spoiled brats like himself).
Informed Comment

Congress has approved $345 billion so far for the war in Afghanistan, which the United States invaded to fight al Qaeda and topple the Taliban after the Sept. 11, 2001 attacks. The nonpartisan Congressional Budget Office, which produced the figure, said about $22 billion has gone for Afghan-war-related activities in other countries.


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