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Why our country is in Debt
August 4, 2011
11:09 pm
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capricorn
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Could it at least be partially attributed to people like "him"? :think:
http://www.youtube.com/watch?v=J7XA2UUp ... ded#at=133

"a free society depends on a virtuous and moral people."

August 7, 2011
10:00 pm
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katsung47
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War spending not including defense budget:

U.S. cost of war at least $3.7 trillion and counting

By Daniel Trotta
NEW YORK | Wed Jun 29, 2011

Reuters) - When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion (622 billion pounds) price tag for America's wars.

Staggering as it is, that figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the U.S. Treasury and ignores more imposing costs yet to come, according to a study released on Wednesday.

The final bill will run at least $3.7 trillion and could reach as high as $4.4 trillion, according to the research project "Costs of War" by Brown University's Watson Institute for International Studies. (www.costsofwar.org)

In the 10 years since U.S. troops went into Afghanistan to root out the al Qaeda leaders behind the September 11, 2001, attacks, spending on the conflicts totalled $2.3 trillion to $2.7 trillion.

Those numbers will continue to soar when considering often overlooked costs such as long-term obligations to wounded veterans and projected war spending from 2012 through 2020. The estimates do not include at least $1 trillion more in interest payments coming due and many billions more in expenses that cannot be counted, according to the study.
The White House says the total amount appropriated for war-related activities of the Department of Defense, intelligence and State Department since 2001 is about $1.3 trillion, and that would rise to nearly $1.4 trillion in 2012.

Researchers with the Watson Institute say that type of accounting is common but too narrow to measure the real costs.

In human terms, 224,000 to 258,000 people have died directly from warfare, including 125,000 civilians in Iraq. Many more have died indirectly, from the loss of clean drinking water, healthcare, and nutrition. An additional 365,000 have been wounded and 7.8 million people -- equal to the combined population of Connecticut and Kentucky -- have been displaced.

"Costs of War" brought together more than 20 academics to uncover the expense of war in lives and dollars, a daunting task given the inconsistent recording of lives lost and what the report called opaque and sloppy accounting by the U.S. Congress and the Pentagon.

http://uk.reuters.com/article/2011/06/2 ... 6R20110629

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