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IPFS News Link • WAR: About that War

Latest Estimate Pegs Cost of Wars at Nearly $5 Trillion

• theintercept.com by Naomi LaChance

Neta Crawford of Boston University, the author of the report, included interest on borrowing, future veterans needs, and the cost of homeland security in her calculations.

The amount of $4.79 trillion, "so large as to be almost incomprehensible," she writes, adds up like this:

The wars in Iraq, Afghanistan, Pakistan, Syria, and other overseas operations already cost $1.7 trillion between 2001 and August 2016 with $103 billion more requested for 2017

Homeland Security terrorism prevention costs from 2001 to 2016 were $548 billion.

The estimated DOD base budget was $733 billion and veterans spending was $213 billion.

Interest incurred on borrowing for wars was $453 billion.

Estimated future costs for veterans' medical needs until the year 2053 is $1 trillion.

And the amounts the DOD, State Department, and Homeland Security have requested for 2017 ($103 billion).


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