Monday, April 1, 2013

Debtbacle



For those who object when people claim George W. Bush is responsible for the major portion of our country's economic problems and debt going forward:


The final cost of the Iraq and Afghanistan wars will be between $4 and $6 trillion — and most of those costs have yet to be paid, according to a new study out of Harvard University. 
The report from Harvard Kennedy School professor Linda Bilmes finds the Iraq and Afghanistan wars together will be the most expensive in U.S. history when long-term medical and disability costs for service members are factored in.
“The legacy of decisions taken during the Iraq and Afghanistan wars will dominate future federal budgets for decades to come,” Bilmes wrote.
 
The study says that the United States has already spent nearly $2 trillion on the wars in Iraq and Afghanistan. But that bill is only “a fraction” of the total war costs, Bilmes wrote.

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