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

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Published on Jul 8, 2011

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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