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6/30/11

US economy: Estimated cost of post-9/11 wars: 225,000 lives, up to $4 trillion - by Deborah Baum

The cost of wars in Afghanistan, Iraq, and Pakistan are estimated at 225,000 lives and up to $4 trillion in U.S. spending, in a new report by scholars with the Eisenhower Research Project at Brown University’s Watson Institute for International Studies. The group’s “Costs of War” project has released new figures for a range of human and economic costs associated with the U.S. military response to the 9/11 attacks.

Among the group’s main findings:
  • The U.S. wars in Afghanistan, Iraq, and Pakistan will cost between $3.2 and $4 trillion, including medical care and disability for current and future war veterans. This figure does not include substantial probable future interest on war-related debt.
  • More than 31,000 people in uniform and military contractors have died, including the Iraqi and Afghan security forces and other military forces allied with the United States.
  • By a very conservative estimate, 137,000 civilians have been killed in Iraq and Afghanistan by all parties to these conflicts.
  • The wars have created more than 7.8 million refugees among Iraqis, Afghans, and Pakistanis.
  • Pentagon bills account for half of the budgetary costs incurred and are a fraction of the full economic cost of the wars.
  • Because the war has been financed almost entirely by borrowing, $185 billion in interest has already been paid on war spending, and another $1 trillion could accrue in interest alone through 2020.
  • Federal obligations to care for past and future veterans of these wars will likely total between $600-$950 billion. This number is not included in most analyses of the costs of war and will not peak until mid-century.
The Eisenhower Research Project is a new, nonpartisan, nonprofit, scholarly initiative that derives its purpose from President Eisenhower’s 1961 farewell address, in which he warned of the “unwarranted influence” of the military-industrial complex and appealed for an “alert and knowledgeable citizenry” as the only force able to balance the often contrasting demands of security and liberty in the democratic state.
     For more: Estimated cost of post-9/11 wars: 225,000 lives, up to $4 trillion | Brown University News and Events

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