Iraq, Afghan wars will cost US between $4-6 trillion: Harvard study
Islamabad: Wars in Iraq and Afghanistan will cost the US between 4-6 trillion dollars in the long term, a study has said.
According to Harvard University scholar Linda Bilmes, this would constrain the government`s budget for decades to come.
Bilmes concluded that the US will face increasing costs to care for an estimated 2.5 million veterans, and to pay down debt incurred by borrowing to pay for the wars.
According to the News, Bilmes, who served in government under former president Bill Clinton, calculated that the US has already spent nearly 2 trillion dollars directly for the two wars launched by former president George W. Bush.
But Bilmes` study said the biggest cost would be medical care and disability benefits, saying that over half of the 1.56 million troops discharged from service have already been granted benefits for life.
Bilmes, who called the numbers unprecedented, said that costs would climb over decades.
The United States is expected to maintain a limited military presence in Afghanistan after 2014, when President Barack Obama plans to withdraw combat troops first sent after the September 11, 2001 attacks.
More from India
More from World
More from Sports
More from Entertaiment
- Delhi: 8-year-old boy dies after falling into pothole
- Woman commits suicide in UP after posting message on social media
- Nirbhaya gang-rape convict Vinay Sharma attempts suicide in Tihar Jail
- Rajnath Singh, Mehbooba Mufti hold joint press conference on Kashmir violence
- Will appoint nodal officer for Kashmiris: Rajnath Singh
- Attack on Kabul`s American University ends as attackers killed
- Colombia announces historic peace pact
- Aamir Khan's '3 Idiots' sequel on the cards? Here's what Rajkumar Hirani has to say!
- 'Nirbhaya' gang-rape: Convict Vinay Sharma attempts suicide in Tihar Jail, admitted to hospital
- Iranian Navy in `unsafe` intercept of US destroyer: Defense official