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 Price Of Wars: $1 Trillion And Rising

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Price Of Wars: $1 Trillion And Rising Vide
PostSubject: Price Of Wars: $1 Trillion And Rising   Price Of Wars: $1 Trillion And Rising Icon_minitimeThu Jan 28, 2010 4:27 am
The Congressional Budget Office’s newly released budget outlook notes that Congress has approved over $1 trillion in direct spending on wars and war-related activities since 2001, and that price tag is only getting higher as the wars drag on.

The spending was divided between $708 billion for the Iraq War, $345
billion for the Afghan War, and $22 billion for assorted other war
activities in other countries. The Obama Administration’s repeated projections of a lower budget output for wars in coming years aside, they show no sign of slowing.
The estimated price tag only includes direct costs incurred as a
result of the US occupations of those nations, and does not include the
trillions of other dollars spent on the military since 2001.
Nor does it include the overall cost of the war to the American economy, a figure economists put at several trillion dollars years ago, and which has only risen as the US presence overseas continues to grow.

The US currently has over 100,000 troops in Iraq, and the
escalation in Afghanistan will soon have America’s commitment there
near 100,000 as well. The Obama Administration has projected cuts to
the Iraq force since taking office, but recent bombings have raised serious doubts
about America’s ability to withdraw from the nation, years after both
parties agreed that the war was successfully “won.” Troop numbers in
Afghanistan will likely continue to rise for the forseeable future.

http://news.antiwar.com/2010/01/26/price-of-us-wars-1-trillion-and-rising/
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