Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Military Space News .




SUPERPOWERS
Iraq, Afghan wars to cost US up to $6 trillion: study
by Staff Writers
Washington (AFP) March 29, 2013


The Iraq and Afghanistan wars will cost the United States between $4-6 trillion in the long term, constraining the government's budget for decades to come, a study said.

Harvard University scholar Linda Bilmes concluded that the United States will face increasing costs to care for an estimated 2.5 million veterans, and to pay down debt incurred by borrowing to pay for the wars.

"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," said the report released Thursday.

"In short, there will be no peace dividend, and the legacy of Iraq and Afghanistan wars will be costs that persist for decades," it said.

Bilmes, who served in government under former president Bill Clinton, calculated that the United States has already spent nearly $2 trillion directly for the two wars launched by former president George W. Bush.

But Bilmes' study said the biggest cost would be medical care and disability benefits, saying that more than half of the 1.56 million troops discharged from service have already been granted benefits for life.

Bilmes, who called the numbers unprecedented, said that costs will climb over decades. She wrote that the peak year for disability payments over World War I, which ended in 1918, was 1969 as veterans became elderly.

"The magnitude of future expenditures will be even higher for the current conflicts, which have been characterized by much higher survival rates, more generous benefits and new, expensive medical treatments," she said.

Bilmes also factored in debt, finding no precedent for a time when the United States went to war while lowering taxes, with the possible exception of the Revolutionary War when US colonies borrowed from France.

The study also looked at social costs, with families burdened with the effects of the deaths or injuries of service members.

The United States is expected to maintain a limited military presence in Afghanistan after 2014, when President Barack Obama plans to withdraw combat troops first sent after the September 11, 2001 attacks.

Opinion polls show that most of the US public has grown weary of the longest US war, in Afghanistan, and is critical of Bush's decision to invade Iraq a decade ago.

Donald Rumsfeld, the defense secretary under Bush, said before the invasion that the Iraq war would cost around $50 billion and called higher estimates "baloney."

.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SUPERPOWERS
Putin orders surprise Black Sea military exercises
Moscow (AFP) March 28, 2013
Russian President Vladimir Putin on Thursday ordered surprise military exercises in the Black Sea region involving 7,000 troops and dozens of ships to test the army's battle readiness, the Kremlin said. In typical Putin style, the order was presented to the Defence Minister Sergei Shoigu in a sealed envelope in the middle of the night at 4:00 am (2400 GMT), with the drills to start immediate ... read more


SUPERPOWERS
Northrop Grumman AN/TPS-80 G/ATOR Radar System Demonstrates Ballistic Missile Defense Capability

EAPS Completes Miniature Hit-To-Kill Interceptor Flight Test

Israel: Iron Dome shootdown rate disputed

White House: no Patriot missiles in Syria

SUPERPOWERS
Taiwan to aim 50 medium-range missiles at China: report

India's Nirbhay missile aborted in flight

Taiwan develops medium-range missile: report

US Newest Missile Warning Satellite Encapsulated in Launch Vehicle Payload Fairing

SUPERPOWERS
US Congress hears calls for drone safeguards

'Journalism drones' on the horizon

N. Korean leader watches 'drone' attack drill: KCNA

Friend or foe? Civilian drones stir debate

SUPERPOWERS
Soldiers and Families Can Suffer Negative Effects from Modern Communication Technologies

DARPA Seeks More Robust Military Wireless Networks

DoD Selects Northrop Grumman for Joint Command and Control System

Northrop Grumman Highlights Affordable Milspace Communications

SUPERPOWERS
Nanofoams could create better body armor

NGC Offers New High-Resolution Sensors for Hawk Air Defense System

Seven killed in Marine Corps training accident

UN staring down a barrel over arms treaty

SUPERPOWERS
India: Tejas must be operational by 2014

Iran, N. Korea, Syria block arms trade treaty

Libya 'plans to spend $4.7B on defense'

Italy foreign minister quits over return of marines to India

SUPERPOWERS
Iraq, Afghan wars to cost US up to $6 trillion: study

Rising China disregarding neighbours: Japan study

Territorial disputes roil Asia

US names Breedlove as new NATO commander

SUPERPOWERS
Imaging methodology reveals nano details not seen before

Glass-blowers at a nano scale

Nanoparticles show promise as inexpensive, durable and effective scintillators

Scientists develop innovative twists to DNA nanotechnology




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement