Thursday, July 22, 2010

War On Terror Leaves the U.S Bust

Here's some more money we could have saved -
The United States has spent more than $1 trillion on wars since the September 11, 2001, terror attacks, a recently released Congressional report says.

Adjusting for inflation, the outlays for conflicts in Afghanistan, Iraq and elsewhere around the world make the "war on terrorism" second only to World War II.

The report "Cost of Major U.S. Wars" by the Congressional Research Service attempts to compare war costs over a more than 230-year period -- from the American Revolution to the current day -- noting the difficulties associated with such a task.
Since the the 9/11 terror attacks, the United States has spent an estimated $1.15 trillion. World War II cost $4.1 trillion when converted to current dollars, although the tab in the 1940s was $296 billion.

The costs associated with the "war on terrorism" could still go much higher.

A Congressional Budget Office estimate from 2007 said the cost of the wars in Afghanistan and Iraq could total $2.4 trillion by 2017, more than double the current amount.
The Real Effect
Remember the video from last night? The one where the Secretary of State admitted that the progenitor to the WAR ON TERROR was created by...the U.S. Government? Perhaps if we had followed Ron Paul's advice and left well enough alone, we wouldn't be broke at the moment.

On a side note, if we were to calculate the cost of the War On Terror expressed per casualty on September 11th, the tab would work out to be about $43 million dollars per victim per year since 9/11. Just some food for thought as you dine in your cardboard box this evening.

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