Cost to U.S. of Iraq, Afghanistan wars to exceed $4 trillion

A new study from Harvard University, calculating the cost to the United States of the wars in Iraq Afghanistan, has concluded that that cost will come to between $4 trillion to $6 trillion. This cost includes the spending on medical care for wounded soldiers and repairs to and replacement of military gear used in the two wars. The decision by the Bush administration to pay for the wars with borrowed money has increased their costs, the study says. In all, the two wars have added $2 trillion to the U.S.debt, accounting for about 20 percent of the debt incurred from 2001 to 2012.

Terrorism | Homeland Security News Wire