Reassessing The Cost Of The Post-9/11 Era

I’m not interested in revisiting what happened to get us to this point but I think it’s an important time to look where we are headed.

There’s the human toll. More than twice as many Americans — over 6,000 — have now died in the two wars that followed 9/11 than did in the original attacks, along with more than 100,000 Iraqis and Afghans.

And there’s the extraordinary financial toll… The actual 9/11 attacks produced insured losses of about $40 billion and delivered a temporary blow to the economy… Harvard scholar Linda Bilmes and Nobel-Prize winning Columbia University economist Joseph Stiglitz now estimate that the two post-9/11 wars will end up costing taxpayers somewhere between $4 trillion and $6 trillion. That includes not only money already appropriated for the military campaigns $1.3 trillion at last count, but also the immense cost of long-term health care for returning soldiers, and such things as interest payments on all the extra borrowed money and the increased volatility of oil prices since the invasion of Iraq.

via Reassessing The Cost Of The Post-9/11 Era, Post Bin Laden.

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