US spending on 'war on terror' above $6 trillion, will climb more: report - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The US has blown past $6 trillion in 'war on terror' spending since 2001 — and its cost to taxpayers will keep climbing for decades, study says

Federal spending on post-9/11 military action in Iraq, Afghanistan, and elsewhere around the world stands at $6.5 trillion through fiscal year 2020,And its cost to American taxpayers will keep climbing for decades to come.

The study said military action taken after the 9/11 attacks has now expanded to more than 80 countries, making it "a truly global war on terror." The report said the US government should expect to spend at least $1 trillion in benefit payments and disability claims for veterans in the next several decades. Last year, there were 4.1 million post 9/11 war veterans,"Even if the United States withdraws completely from the major war zones by the end of FY2020 and halts its other Global War on Terror operations, in the Philippines and Africa for example, the total budgetary burden of the post-9/11 wars will continue to rise as the U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

👁️

👁️

Only $7623 per taxpayer! Sounds like a great deal! Anyone want to switch places with me? I’m a taxpayer so you’d still be out the $7623 plus you’d never see your spouse again and your kids lose their other parent forever CostofWar AxeWidowsTax

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines