Neta Crawford Details "The Cost of War" Report: U.S. Wars Will Top $4 Trillion

DemocracyNow.org - As part of ongoing debt negotiations, the White House has proposed slashing more than $4 trillion from annual budget deficits over the next decade — twice what Obama had proposed earlier. While much of the talk in Washington centers on taxes, Social Security and Medicare, far less attention is being paid to the growing cost of the U.S. wars overseas. A new report from Brown University has estimated the true cost of the U.S. wars in Iraq, Afghanistan and Pakistan will end up costing approximately $4 trillion — far more than the Bush or Obama administrations have acknowledged. The authors of the study reveal that 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. Democracy Now! interviews Neta Crawford, co-director of the Costs of War Project, and a Professor of Political Science at Boston University.

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Category:

News & Politics

Tags:

• democracy now
• dn
• amy goodman
• juan gonzalez
• obama
• social security
• medicare
• brown university
• iraq war
• war in afghanistan
• war in pakistan
• bush
• neta crawford
• costs of war project
• budget deficit

[Marvelfanforlife]

So much money wasted on useless wars. It's clear we have the money to take care of our fellow Americans, but this administration like the Bush administration seeks to spend large sums of money elsewhere.

[ViolentMonopoly]

This is why Obama is the biggest liar in office. All of his talk about progressive budget assessments, and not a word about these wars or the overall defense budget (1.1-1.4 trillion depending on interest), how hypocritical.

[michaelberryakabez]

so they take health care and benefits anywhere to pay a dept that no one wanted, why not use the trillions sitting in their personal accounts

[mackawack12346]

I'd like to fuck that bitch in the ass on national TV!

[pincoli]

Who asked you to wage a useless war ?

[RegioLunar]

It seems the US is only able to export arms and warfare these days.