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Price tag of the ‘war on terror’ will top $6 trillion soon

“The price tag of the ongoing ‘war on terror’ in the Middle East will likely top $6 trillion next year, and will reach $7 trillion if the conflicts continue into the early 2020s, according to a new report out Wednesday. The annual Costs of War project report, from the Watson Institute for International and Public Affairs at Brown University, puts the full taxpayer burden of fighting in Iraq, Afghanistan and Syria over the last 17 years at several times higher than official Defense Department estimates, because it includes increases in Homeland Security and Veterans Affairs spending, as well as new military equipment and personnel. ‘Because the nation has tended to focus its attention only on direct military spending, we have often discounted the larger budgetary costs of the post-9/11 wars, and therefore underestimated their greater budgetary and economic significance,’ the new report states.”

Source: Price tag of the ‘war on terror’ will top $6 trillion soon

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