03/30/13

Permalink Iraq, Afghan Wars To Cost US $6 Trillion

The US wars in Afghanistan and Iraq will cost American taxpayers $4 trillion to $6 trillion in the long run, according to a new study by the Harvard University. - The report that was released on Thursday has taken into account the medical care of injured war veterans and expensive repairs to US military force worn out by over a decade of fighting, The Washington Post reported. Linda J. Bilmes, a public policy professor, wrote in the report, “As a consequence of these wartime spending choices, the United States will face constraints in funding investments in personnel and diplomacy, research and development and new military initiatives.” “The legacy of decisions taken during the Iraq and Afghanistan wars will dominate future federal budgets for decades to come,” Bilmes noted.

McClatchy: Iraqi oil: Once seen as U.S. boon, now it’s mostly China’s

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