- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
- U.N. warns of Muslim ‘cleansing’ in Central African Republic
- Senate blocks change to military sex assault cases
- Drug mix may have cured child born with HIV, doctors say
- De Blasio’s wife irks former mansion chef with ‘servant’ remark
- Russia’s neighbors shiver amid Putin’s Cold War moves in Ukraine
- New SAT: The essay portion is to become optional
- Military group can’t march to honor the fallen at Boston Marathon due to security changes
- Senate passes bills deleting ‘retarded’ from laws
- China announces biggest military hike in 3 years: We are not ‘boy scouts with spears’
The costs of war: Iraq and Afghan conflicts top $4 trillion, says Harvard study
“One of the most significant challenges to future U.S. national security policy will not originate from any external threat,” states the report, written by Harvard public policy professor Linda J. Bilmes. “Rather it is simply coping with the legacy of the conflicts we have already fought in Iraq and Afghanistan.”
The total estimate includes not just the direct costs of combat and replacing equipment that was lost, damaged or destroyed, but also the money that will be needed to fund health care and benefits for the wars’ veterans — in many cases for most of the rest of the century — as those injured or disabled as 19- and 20-year-olds grow older.
“Historically, the bill for these costs has come due many decades later,” the report says, noting that the costs of veterans’ disability payments tend to peak decades after the wars they fought in have ended.
“Payments to Vietnam and first Gulf War veterans are still climbing,” the report notes.
Miss Bilmes‘ estimate also includes the costs of repaying the debt incurred by the decision to finance the wars through foreign borrowing.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Shaun Waterman is an award-winning reporter for The Washington Times, covering foreign affairs, defense and cybersecurity. He was a senior editor and correspondent for United Press International for nearly a decade, and has covered the Department of Homeland Security since 2003. His reporting on the Sept. 11 Commission and the tortuous process by which some of its recommendations finally became ...
- Senator's memo shows Iran links in Homeland Security's troubled immigration program
- Help wanted: Homeland Security plagued by vacancies at the top
- Dems back bill to fix problems in investor visa program
- Democrats proceed with Mayorkas vote despite pending investigation
- Game players don't think peace has a chance in Syria
Latest Blog Entries
TWT Video Picks
By Tammy Bruce
- AP Exclusive: Man said to create bitcoin denies it
- Aronofsky's 'Noah' banned in Qatar, Bahrain, United Arab Emirates
- Putin has transformed Russian army into a lean, mean fighting machine
- Back to the Future: HUVr Tech marketing video goes viral with hoverboard release tease
- Russias Putin nominated for Nobel Peace Prize
- U.S. tasks Navy destroyer to Black Sea amid Ukraine tensions
- Unemployment insurance vote could happen next week
- Two liberals say Sarah Palin is right: Obama lacks substance
- Kim Jong-un calls for execution of 33 Christians
- Rutgers professors to Condi Rice: Go home, and take your speech with you
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again