The Conflicts In Afghanistan and Iraq Were “The Most Expensive Wars In U.S. History” … and They’re Not Wrapped Up Yet

We’re In the Longest Continuous Period of War In U.S. History

Time reported yesterday:

A truer measure of the wars’ total costs pegs them at between $4 trillion and $6 trillion. This fuller accounting includes “long-term medical care and disability compensation for service members, veterans and families, military replenishment and social and economic costs,” Harvard economist Linda Bilmes calculated in 2013.

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Bilmes, in her 2013 study, said the conflicts in Afghanistan and Iraq have been “the most expensive wars in U.S. history.” That, of course, was before the U.S. entered its third Iraq war in August, and before the U.S. decided to keep troops in Afghanistan through 2016.

We’ve previously noted:

Nobel prize winning economist Joseph Stiglitz estimated in 2008 that the Iraq war could cost America up to $5 trillion dollars. A study by Brown University’s Watson Institute for International Studies says the Iraq war costs could exceed $6 trillion, when interest payments to the banks are taken into account.

Indeed, we’re in the longest continuous period of war in American history.

Sadly, war is HORRIBLE for our economy.

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  • goingnowherefast

    Continuous war being a hallmark of overextended empire. The end is near. Let’s hope it’s only the end of the empire and not life on Earth.

  • SausageAway

    lost lives, treasure, moral high ground and the wars themselves.
    Yet pride prevents America facing reality and learning from these disasters. Consequently the US is doomed to repeat and repeat.

  • Carl_Herman

    Yes, it’s tragic-comic, all based on known lies as they spun us for unlawful Wars of Aggression, and the basis for US .01% arrests.

    Thank you, GW, for ongoing leadership to capture the most important facts for public choice of their voice.

  • allanwood

    Disasters? The Endless Wars are succeeding beyond the wildest dreams of those who start and profit from them.