Cost of two wars that Bush/Cheney/Rumsfeld/Rice war crimes.......... " Yes, our intelligence told us ( I mean we told them ) that Iraq had weapons of mass destruction" - George W Bush
Cost of Bush's two wars,,,,,,,,,
How has the U.S. paid for the wars so far? The United States paid for past wars by raising taxes and or selling war bonds. The current wars were paid for almost entirely by borrowing. This borrowing has raised the U.S. budget deficit, increased the national debt, and had other macroeconomic effects, such as raising interest rates. The U.S. must also pay interest on the borrowed money. The interest paid on Pentagon spending alone, so far (from 2001 through FY 2013) is about $259 billion in current dollars.
The U.S. also increased spending on homeland security by more than $455 billion beyond the levels already in place. We include this as excess spending on homeland security that occurred as a result of the war on terror. Considered by many an important part of domestic mobilization for the wars, there continue to be questions about the effectiveness of this spending.
What has already been spent to care for the medical and disability needs of U.S. veterans? The U.S. has already spent $135 billion for both medical care and disability for more than a million veterans of these wars. Each day, more veterans continue to apply to receive their benefits.
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 30 to 40 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.
Damn ,those Obama phones are breaking the bank!!
What you fail to mention is Obama failed, what is Obama's cost on keeping these these two wars going and not ending them in a timely manor as he promised, going on 5 years and all the other conflicts Obama got us into? Huh? Can you answer this question you POS? No you can't because you cannot find someones opinion to copy and paste.
Are you that stupid that you cannot post your own work and opinions?