Thursday, June 28, 2012

The Cost of War

For generations, economists have railed against war as wasteful and to be avoided, as destruction never beats construction.

By 2011, the wars in Iraq and Afghanistan had cost the US nearly $4 trillion, about three times as large as CBO estimates, according to research from the Watson Institute at Brown University.

The academic report was extensive, considering: interest cost, increased Pentagon war appropriations, additions to the Homeland Security budget, rises in veterans' medical and disability costs, social costs to veterans and military families and even the human and political costs of the war.