US cost of wars will top $ 4 trillion

Thursday, 30 June 2011 00:49 - - {{hitsCtrl.values.hits}}

Reuters: The final bill will for the United States’ wars in Iraq and Afghanistan will run into at least $ 3.7 trillion and could reach as high as $ 4.4 trillion, according to a study.

In the 10 years since US troops went into Afghanistan to root out the Al Qaeda leaders behind the 11 September 2001 attacks, spending on the conflicts totalled $ 2.3 trillion to $ 2.7 trillion, said the research project ‘Costs of War’ by Brown University’s Watson Institute for International Studies.

Those numbers will continue to soar when considering often overlooked costs such as long-term obligations to wounded veterans and projected war spending from 2012 through 2020. The estimates do not include at least $ 1 trillion more in interest payments coming due and many billions more in expenses that cannot be counted, according to the study.

In human terms, 224,000 to 258,000 people have died directly from warfare, including 125,000 civilians in Iraq.

Many more have died indirectly, from the loss of clean drinking water, healthcare, and nutrition. An additional 365,000 have been wounded and 7.8 million people – equal to the combined population of Connecticut and Kentucky – have been displaced.

‘Costs of War’ brought together more than 20 academics to uncover the expense of war in lives and dollars, a daunting task given the inconsistent recording of lives lost and what the report called opaque and sloppy accounting by the US Congress and the Pentagon.

The report underlines the extent to which war will continue to stretch the US federal budget, which is already on an unsustainable course due to an aging American population and skyrocketing healthcare costs.

It also raises the question of what the United States gained from its multitrillion-dollar investment. “I hope that when we look back, whenever this ends, something very good has come out of it,” Senator Bob Corker, a Republican from Tennessee, told Reuters in Washington.

In one sense, the report measures the cost of 9/11, the American shorthand for the events of Sept. 11, 2001. Nineteen hijackers plus other Al Qaeda plotters spent an estimated $ 400,000 to $ 500,000 on the plane attacks that killed 2,995 people and caused $ 50 billion to $ 100 billion in economic damages.

What followed were three wars in which $ 50 billion amounts to a rounding error. For every person killed on Sept. 11, another 73 have been killed since.

Was it worth it? That is a question many people want answered, said Catherine Lutz, Head of the Anthropology Department at Brown and co-director of the study.

“We decided we needed to do this kind of rigorous assessment of what it cost to make those choices to go to war,” she said. “Politicians, we assumed, were not going to do that kind of assessment.”

The report arrives as Congress debates how to cut a US deficit projected at $ 1.4 trillion this year, roughly a 10th of which can be attributed to direct war spending.