Obligations for Future Spending: The costs of war don't end when the fighting stops. Specifically, the U.S. has incurred obligations by fighting the wars. For example, the U.S. is obligated to pay the future medical and disability costs of veterans. As in past wars, medical and disability costs will peak in about 10 to 20 years, totaling an estimated $754 billion.
Unless the U.S. immediately repays the money borrowed for war, there will also be future interest payments. We estimate that interest payments could total about $1 trillion dollars by 2023, or $7 trillion by 2053.
Opportunity Costs of War Spending: What could the economy look like if we had not spent that money on war? Were jobs lost or gained by war? Military spending does produce jobs. But spending in other areas could produce more jobs.
Military spending has also affected investment in public assets and infrastructure. While investment in military infrastructure grew, investment in other, non-military, public infrastructure did not grow at the same rate.(Text updated as of March 2013
Damn the Obama for giving out free phones and healthcare!!!
See also: Iraq Relief and Reconstruction Fund
FY2003 Supplemental: Operation Iraqi Freedom: Passed April 2003; Total $78.5 billion,$54.4 billion Iraq War
FY2004 Supplemental: Iraq and Afghanistan Ongoing Operations/Reconstruction: Passed November 2003; Total $87.5 billion,$70.6 billion Iraq War
FY2004 DoD Budget Amendment:$25 billion Emergency Reserve Fund (Iraq Freedom Fund): Passed July 2004, Total $25 billion,$21.5 billion (estimated) Iraq War
FY2005 Emergency Supplemental: Operations in the War on Terror; Activities in Afghanistan; Tsunami Relief: Passed April 2005, Total $82 billion,$58 billion (estimated) Iraq War
FY2006 Department of Defense appropriations: Total $50 billion,$40 billion (estimated) Iraq War.
FY2006 Emergency Supplemental: Operations Global War on Terror; Activities in Iraq & Afghanistan: Passed February 2006, Total $72.4 billion,$60 billion (estimated) Iraq War
FY2007 Department of Defense appropriations:$70 billion(estimated) for Iraq War-related costs
FY2007 Emergency Supplemental (proposed)$100 billion
FY2008 Bush administration has proposed around $190 billion for the Iraq War and Afghanistan
FY2009 Obama administration has proposed around $130 billion in additional funding for the Iraq War and Afghanistan.
FY2011 Obama administration proposes around $159.3 billion for the Iraq and Afghanistan wars.[8
we need the money
here, the war is bleeding our country.........
Looks like two wars are cheaper than 12 million illegals
is it 20 million?, I lost count.
Illegal Immigration Costs U.S.$113 Billion a Year, Study Finds
By Ed Barnes
The cost of harboring illegal immigrants in the
United States is a staggering $113 billion a year -
- an average of $1,117 for every “native-headed” household in America -- according to a study conducted by the Federation for American Immigration Reform (FAIR).
The study, a copy of which was provided to FoxNews.com
“is the first and most detailed look at the costs of illegal immigration ever done,”
says Bob Dane, director of communications at FAIR, a conservative organization that seeks to end almost all immigration to the U.S.
FAIR's opponents in the bitter immigration debate describe the organization as "extremist," though it is regularly called upon to testify before Congress.
Read more: http://www.foxnews.com/us/2010/07/02/immigrat
We estimate that interest payments could total about $1 trillion dollars by 2023, or $7 trillion by 2053.