29 Mar '13, 3pm

Study: Iraq, Afghan Wars To Cost U.S. Up to $6 Trillion

WASHINGTON — The Iraq and Afghanistan wars will cost the United States between $4 trillion and $6 trillion in the long term, constraining the government’s budget for decades to come, a study says. Harvard University scholar Linda Bilmes concluded that the United States will face increasing costs to care for an estimated 2.5 million veterans and to pay down debt incurred by borrowing to pay for the wars. “As a consequence of these wartime spending choices, the United States will face constraints in funding investments in personnel and diplomacy, research and development and new military initiatives,” said the report released Thursday. “In short, there will be no peace dividend, and the legacy of Iraq and Afghanistan wars will be costs that persist for decades.” Bilmes, who served in government under former President Bill Clinton, calculated that the United States has alread...

Full article: http://www.defensenews.com/article/20130329/DEFREG02/3032...

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