Fighting Terrorism With a Credit Card
Interest payments on America’s war debt could one day exceed the direct costs of combat itself.
If a war costs trillions of dollars, and no one pays for it, what is its true cost? Since the 9/11 attacks, America has poured $3.2 trillion into its wars, according to a new study from Brown University’s Watson Institute for International and Public Affairs. The estimate includes what the U.S. government has spent or pledged to spend through 2016 on homeland security, medical and disability care for wounded veterans, and the military and diplomatic campaigns against terrorism in Afghanistan, Pakistan, Iraq, and Syria.
When you factor in the interest America owes on the money it has borrowed to finance these wars, the number rises to almost $3.7 trillion. When you add in likely expenses for 2017 and spending obligations to veterans over the next four decades, the total increases to nearly $4.8 trillion.
Read more ....
WNU Editor: $3.7 trillion to $4.8 trillion .... and counting. Makes you want to puke.