U.S. Has Spent Nearly $6 Trillion on War Since 9/11
November 14th, 2018WAR is a racket. It always has been.
It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.
A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.
—War Is A Racket by Major General Smedley Butler
In other news, U.S. Government Can’t Account for $21 Trillion Since 1998.
Via: The Hill:
The United States is on track to have spent nearly $6 trillion on war since the Sept. 11, 2001, terrorist attacks, according to a report released Wednesday.
The annual analysis from the Watson Institute for International and Public Affairs at Brown University far exceeds Pentagon estimates because it looks at all war-related costs — including the Pentagon’s war fund, related spending at the State Department, veterans care and interest payments — for military operations in Iraq, Syria, Afghanistan and elsewhere.
“We were told to expect wars that would be quick, cheap, effective and beneficial to the U.S. interest,” study author Neta Crawford said at a Capitol Hill news conference. “Because we finance these wars on a credit card, the costs of the wars themselves pose a national security challenge.”
The study estimates that war-related spending through fiscal 2019 will total $4.9 trillion. Another projected $1 trillion for veterans care through fiscal 2059 brings the total to $5.9 trillion, according to the study.
Should the wars continue through fiscal 2023, total costs will be more than $6.7 trillion, the study added, citing the Pentagon’s projected future years’ spending and likely needs for veterans.
“It’s important for the American people to understand the true costs of war, both the moral and monetary costs,” Senate Armed Services Committee ranking member Sen. Jack Reed (D-R.I.) said in a statement. “Our nation continues to finance wars and military operations through borrowing, rather than asking people to contribute to the national defense directly, and the result is a serious fiscal drag that we’re not really accounting for or factoring into deliberations about fiscal policy or military policy.”
