The Washington Post reports:
"The economic costs to the United States of the wars in Iraq and Afghanistan so far total approximately $1.5 trillion, according to a new study by congressional Democrats that estimates the conflicts' "hidden costs"-- including higher oil prices, the expense of treating wounded veterans and interest payments on the money borrowed to pay for the wars.
That amount is nearly double the $804 billion the White House has spent or requested to wage these wars through 2008, according to the Democratic staff of Congress's Joint Economic Committee. Its report, titled "The Hidden Costs of the Iraq War," estimates that the wars in Iraq and Afghanistan have thus far cost the average U.S. family of four more than $20,000.
"The full economic costs of the war to the American taxpayers and the overall U.S. economy go well beyond even the immense federal budget costs already reported," said the 21-page draft report, obtained yesterday by The Washington Post.
The report argues that war funding is diverting billions of dollars away from "productive investment" by American businesses in the United States. It also says that the conflicts are pulling reservists and National Guardsmen away from their jobs, resulting in economic disruptions for U.S. employers that the report estimates at $1 billion to $2 billion.
The committee, which includes House and Senate members from both parties and is chaired by Sen. Charles E. Schumer (D-N.Y.), is expected to present the report this morning on Capitol Hill. Democratic leaders plan to use the report as evidence that the wars are far costlier than most realize and that a change of course could save taxpayers billions of dollars in the coming decade."
Just reflect on what has being accomplished in or by the two wars, the vast scale of human misery inflicted on 2 countries and American servicemen and their families - and what good could have come from this extraordinary large sum of money having beeb applied in all sorts of areas such as medical research, education, eradicating disease, poverty and hunger, etc. etc. All up.....appalling waste!
"The economic costs to the United States of the wars in Iraq and Afghanistan so far total approximately $1.5 trillion, according to a new study by congressional Democrats that estimates the conflicts' "hidden costs"-- including higher oil prices, the expense of treating wounded veterans and interest payments on the money borrowed to pay for the wars.
That amount is nearly double the $804 billion the White House has spent or requested to wage these wars through 2008, according to the Democratic staff of Congress's Joint Economic Committee. Its report, titled "The Hidden Costs of the Iraq War," estimates that the wars in Iraq and Afghanistan have thus far cost the average U.S. family of four more than $20,000.
"The full economic costs of the war to the American taxpayers and the overall U.S. economy go well beyond even the immense federal budget costs already reported," said the 21-page draft report, obtained yesterday by The Washington Post.
The report argues that war funding is diverting billions of dollars away from "productive investment" by American businesses in the United States. It also says that the conflicts are pulling reservists and National Guardsmen away from their jobs, resulting in economic disruptions for U.S. employers that the report estimates at $1 billion to $2 billion.
The committee, which includes House and Senate members from both parties and is chaired by Sen. Charles E. Schumer (D-N.Y.), is expected to present the report this morning on Capitol Hill. Democratic leaders plan to use the report as evidence that the wars are far costlier than most realize and that a change of course could save taxpayers billions of dollars in the coming decade."
Just reflect on what has being accomplished in or by the two wars, the vast scale of human misery inflicted on 2 countries and American servicemen and their families - and what good could have come from this extraordinary large sum of money having beeb applied in all sorts of areas such as medical research, education, eradicating disease, poverty and hunger, etc. etc. All up.....appalling waste!
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