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Iraq, Afghan wars could cost US 2.4 trillion: report |
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The News -
War-Draft
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Written by Administrator
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The total cost, including debt servicing, of the US wars in Iraq and Afghanistan could reach 2.4 trillion dollars by 2017, a report by the Congressional Budget Office found Wednesday. The report, by the body which provides non-partisan budget analysis for Congress, said higher estimates for spending for the wars could top out at 1.7 trillion dollars by the end of the next ten year period. Under the most intense scenarios of US military activity, a further 705 billion dollars could be added to the cost by interest payments, assuming the wars continue to be largely financed by government borrowing, the report said. The estimate contains estimated costs up to 2007 for military and diplomatic operations in Iraq and Afghanistan and other war on terror spending. Source : Breitbart / AP News
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