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Title: Americans could owe $6.5 trillion for wars in Afghanistan and Iraq and that's just the interest
Source: [None]
URL Source: https://www.cbsnews.com/news/afghan ... wars-debt-6-trillion-interest/
Published: Mar 10, 2024
Author: Mike Rivero
Post Date: 2024-03-10 11:03:58 by Horse
Keywords: None
Views: 25

Although the U.S. is trying to turn the page on two decades of war in the Middle East, American taxpayers can expect to pay for those conflicts for decades to come.

The ultimate cost of the nation's engagements in Afghanistan and Iraq, on top of the incalculable personal toll on combatants and civilians, reflects a shift in how war has typically been financed. From the American Civil War through the Korean War, the U.S. government has mostly paid for its conflicts through taxes and war bonds. But in the post-September 11 era, U.S. military spending has been financed almost entirely through debt.

Since the September 11 attacks, the U.S. government has spent $2.2 trillion to finance the wars in Afghanistan and Iraq, according to figures from Brown University's Costs of War Project. Yet that sum — which amounts to roughly 10% of the the country's total gross domestic product — only reflects upfront costs.


Poster Comment:

Wait until you see the bill for Israel and Ukraine!

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