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Entries in Military Spending (1)

Thursday
Jun302011

Overseas Wars Will Cost US More than $4 Trillion

U.S. Marine Corps/Lance Cpl. Dexter S. Saulisbury/Released(PROVIDENCE, R.I.) -- The conflicts in Afghanistan, Iraq and Pakistan will wind up costing the U.S. between $3.7 trillion and $4.4 trillion before they're finally wrapped up, according to a new study by Brown University.

Since the U.S.-led invasion of Afghanistan almost 10 years ago, the price of fighting overseas has ranged from $2.3 trillion to $2.7 trillion and it's expected that the U.S. will spend a minimum of $1 trillion more well past 2050.

Adding to the price tag is what the U.S. is expected to spend to care for veterans of these wars over the next 50 years, which is estimated at between $600 billion to $950 trillion.

Catherine Lutz, a Brown University anthropologist, says, "Wars, in a sense, are never over when they're over.  They go on for decades, and the peak costs for this war will be incurred 40 years from now."

Researchers say the cost of human lives will also be immense, noting that at least 225,000 people have been killed and 7.8 million others displaced from their homes thus far.

Copyright 2011 ABC News Radio







ABC News Radio