When combined with his unfunded two trillion dollar Iraq debacle and unfunded Medicare D that is.
The War On Terror Has Cost Taxpayers $1.7 Trillion [Infographic]
Niall McCarthy , CONTRIBUTOR
Data journalist covering technological, societal and media topics the Mercatus Center citing the Congressional Research Service, the cost of global "War on Terror" operations (including both Afghanistan and Iraq) since 2001 had reached about $1.6 trillion by FY2014. When war funding approved by Congress for FY2015 is taken into account, the total reaches $1.7 trillion.
The majority of that funding, some $1.562 trillion, has been allocated to the Department of Defense. The "War on Terror" is proving extremely expensive compared to past military campaigns. Putting the cost into context, the bill for the Vietnam War comes to about $686 billion when adjusted for inflation.
The War On Terror Has Cost Taxpayers $1.7 Trillion [Infographic]
Thanks, the problem I have with numbers on total cost don't include the rehabilitation and ongoing assistance on return. And don't think they include the cost of new equipment (fighter jets, artillery etc) required to replace the ones that get old or are lost. Also, a lot of that hardware provided to Iraqis ended up in the hands of ISIS when they turned tail. I think the 5 trillion estimate is gonna be closer when it's all said and done.
THIS OCTOBER MARKS 15 years since American troops entered Afghanistan. It was a precursor to the occupation of Iraq and is the longest military conflict in US history. Yet the trillions of dollars and thousands of lives expended in these wars have rated barely a mention in the presidential campaign.
The
most recent estimates suggest that war costs will run to nearly $5 trillion — a staggering sum that exceeds even
the $3 trillion that Joseph Stiglitz and I predicted back in 2008.
Yet the cost seems invisible to politicians and the public alike. The reason is that almost all of the spending has been financed through borrowing — selling US Treasury Bonds around the world — leaving our children to pick up the tab. Consequently, the wars have had little impact on our pocketbooks.