Wars could cost over $4 trillion

image
Published: 30 Sep, 2010
Updated: 13 Oct, 2022
2 min read

Authors of the book The Three Trillion Dollar War now estimate that the total cost of the wars in Iraq and Afghanistan could top $4 trillion over time.  A lagging economy, increases in the cost of medical care, higher than expected expenditures on post-combat medical and psychiatric care, and a surge in disability benefits are likely to place a significant strain on the federal budget.

House Veterans Affairs Chairman, Bob Filner (D-California), stated:

     "This may be more of a crisis than the Medicare and Social Security problems we have looming...It rivals both in the potential impact.  This is another entitlement we've committed ourselves to, and it could break the bank."

Filner aims on utilizing the latest cost estimates to propose a "veterans trust fund" to pay for the long-term war expenses, a proposal that has so far found minimal support in the Democratic-led House due to the startling price tag associated with it.

Having already blown past original cost projections, combat operations alone in Iraq, Afghanistan, and Pakistan have cost nearly $1.1 trillion in nine years.  With well over 30,000 maimed for life, a PTSD epidemic, and record suicide rates (in the military), an estimated price tag of at least $4 trillion over the next several years appears to be reasonable.

As a result, those who claim to be fiscally conservative should take a long hard look at the immense cost of open-ended, overseas wars, especially at a time when America could be facing a debt crisis in the not-too-distant future.  Vague objectives, shifting benchmarks, imprecise definitions of victory, and unclear exit strategies inevitably lead to costs that far exceed initial budget estimates. 

In addition, those who claim to espouse a more progressive, anti-war stance should take a long hard look at the current war policy, as the trillions being spent could be better invested in infrastructure, health care, education, alternative energy, and other domestic programs.  Perhaps the strategy of electing leaders who espouse peace, fiscal responsibility, and change in U.S. foreign policy, yet intensify wars, spend even more on the military, and adopt much of their despised opponents' previous platform, should be more critically examined.

Latest articles

US currency
Independent Voters Reject Medicaid Cuts as Senate GOP Struggles to Unite on Budget Bill
As the Senate begins debate Monday on President Donald Trump’s “One Big Beautiful Bill,” polling underscores a widening gap between congressional Republicans and the independent voters they will need to win future elections. At the center of the conflict is Medicaid....
02 Jun, 2025
-
5 min read
The US Capitol Building with dark clouds over it.
A 'Historic Betrayal': Senators Murkowski, Shaheen Cast Partisanship Aside to Condemn End of Afghan TPS
US Senators Lisa Murkowski (R-Alaska) and Jeanne Shaheen (D-New Hampshire) have united in opposition to the Trump administration’s decision to terminate Temporary Protected Status (TPS) for Afghan nationals, highlighting the severe consequences for Afghan women and girls in particular....
02 Jun, 2025
-
3 min read
New Yorkers waiting in the subway.
In NYC, Reform Leaders Say It's Time to End Independent Voter Discrimination
Pressure continues to mount for New York City to change its primary election laws to include all eligible voters, regardless of party, as independent voters rally behind a simple message: "No voter should be required to join a political party to vote."...
02 Jun, 2025
-
3 min read