Tags: Iraq | afghanistan | war | cost

Harvard Study: Iraq, Afghanistan Most Expensive Wars in US History

Friday, 29 Mar 2013 02:34 PM

By Melanie Batley

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Iraq and Afghanistan conflicts will be the most expensive wars in U.S. history, according to a study released Thursday by Harvard University.

According to the Washington Post, researchers put the costs at between $4 trillion and $6 trillion.The largest part of the bill is yet to be paid.

"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 study report states. “The legacy of decisions taken during the Iraq and Afghanistan wars will dominate future federal budgets for decades to come."

Urgent: Spending Cuts – Obama to Blame? Vote in Urgent Poll

The research revealed that the largest ongoing expense will be related to providing medical care and disability benefits to veterans, which have increased dramatically since 2001 and will continue to increase over the next 40 years.

Other significant costs include replacing equipment and the ongoing diplomatic and military presence in the region.

Linda Bilmes, the report's author, told the Washington Post that the U.S. has spent $2 trillion so far, a fraction of the ultimate price. However, the report points out, the bill for most conflicts usually comes decades later.

"Payments to Vietnam and first Gulf War veterans are still climbing," Bilmes noted.




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Report: Official Autopsy Supports Officer in Ferguson Shooting

Wednesday, 22 Oct 2014 12:10 PM

Slain Ferguson teen Michael Brown was shot in the hand at close range, an official county autopsy report obtained by the . . .

RNC's Flores: Dems Running From Key Issues

Wednesday, 22 Oct 2014 12:05 PM

Democrats' skittishness to discuss key issues in the midterms has benefited the GOP with women and minority voters, acco . . .

Gov. John Kasich: I Support Medicaid Expansion, Not Obamacare

Wednesday, 22 Oct 2014 11:56 AM

Ohio Gov. John Kasich, who went around his party's Republican-controlled legislature to enact Medicaid expansions in the . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved