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Title: Report: Tab For 'War On Terrorism' Tops $1 Trillion
Source:
CNN
URL Source: http://edition.cnn.com/2010/POLITIC ... ts/index.html#fbid=mj6nLYHTf-T
Published: Jul 21, 2010
Author: CNN Wire Staff
Post Date: 2010-07-21 11:06:30 by Brian S
Keywords: None
Views: 498
Comments: 4
Washington (CNN) -- The United States has spent more than $1 trillion on wars since the September 11, 2001, terror attacks, a recently released Congressional report says. Adjusting for inflation, the outlays for conflicts in Afghanistan, Iraq and elsewhere around the world make the "war on terrorism" second only to World War II. The report "Cost of Major U.S. Wars" by the Congressional Research Service attempts to compare war costs over a more than 230-year period -- from the American Revolution to the current day -- noting the difficulties associated with such a task. Since the the 9/11 terror attacks, the United States has spent an estimated $1.15 trillion. World War II cost $4.1 trillion when converted to current dollars, although the tab in the 1940s was $296 billion. World War II consumed a massive 36 percent of America's gross domestic product -- a broad measurement of the country's economic output. The post-9/11 cost of the conflicts is about 1 percent of GDP. Comparisons of costs of wars over a 230-year period, however, are inherently problematic, the report says. "One problem is how to separate costs of military operations from costs of forces in peacetime. In recent years, the DOD (Department of Defense) has tried to identify the additional 'incremental' expenses of engaging in military operations, over and above the costs of maintaining standing military forces." "Figures are problematic, as well, because of difficulties in comparing prices from one vastly different era to another," according to the report. "Perhaps a more significant problem is that wars appear more expensive over time as the sophistication and cost of technology advances, both for military and for civilian activities." The costs associated with the "war on terrorism" could still go much higher. A Congressional Budget Office estimate from 2007 said the cost of the wars in Afghanistan and Iraq could total $2.4 trillion by 2017, more than double the current amount.
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#1. To: Brian S (#0)
At least it is money well spent. Can't say that about the rest of the USG.
If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.
You're out of your mind.
LOL. Bin Laden is laughing his ass off that we were so stupid as to fall into this trap. A couple of planes into a couple of building and a trillion dollars later. Would take just one more attack of that scale to totally bust this country.
Never swear "allegiance" to anything other than the 'right to change your mind'!
Bin Laden can save his money. As to busting the country, your messiah and his disciples are doing just fine.
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#2. To: Nebuchadnezzar (#1)
At least it is money well spent.
#3. To: Nebuchadnezzar (#1)
At least it is money well spent.
#4. To: Brian S (#3)
Would take just one more attack of that scale to totally bust this country.
Wooo-Hooo!! Republicans are poised to win in November.
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