(By Deutsche Welle) The heated debate over the US debt ceiling focused almost exclusively on cuts in social security and raising taxes. But a main item of government expenditure was hardly addressed at all: the rising cost of the wars.
But while Republicans pushed for a steep reduction of government expenditures mainly through drastic cuts in social programs, Democrats wanted to tackle the issue mainly by increased taxes for the rich.
In their zeal to cut welfare programs and raise taxes both parties completely neglected one area of government spending that comes with a hefty sticker price: the cost of war.
Back in the winter of 2002, when the United States was still contemplating whether or not it would wage war against Saddam Hussein, President George W. Bush’s key economic advisors estimated that an invasion would cost between $50 and $60 billion (35-41 billion euros).
With US troops scheduled to withdraw from Iraq by the end of 2011, the war there has cost a cumulative total of $806 billion over the past eight years, according to the non-partisan Congressional Research Service, dwarfing the Bush administration’s original projections.
Washington, however, has also spent a decade waging a counterinsurgency operation in Afghanistan and launching clandestine military strikes in Pakistan. A new study by Brown University entitled the “Costs of War” estimates that in total, when all is said and done, the United States will have spent between $3 and $4 trillion on foreign wars since the September 11, 2001 attacks.
“If you study the history of war, throughout the millennia those who have been in favor of going to war have always very substantially underestimated the costs in both blood and treasure,” Linda Bilmes, coauthor of the book the “Three Trillion Dollar War,” told Deutsche Welle.
“You had an administration where they were expecting a quick, cheap war.”