Linda Bilmes argues that we have not faced up to the costs of the Iraq and Afghanistan Wars and that we will run out of money for veterans benefits unless we enact a Veterans Trust Fund.

http://www.defenseone.com/politics/2017/05/biggest-bills-iraq-and-afghanistan-wars-are-yet-come/138263/?oref=defenseone_today_nl

 

Joe Stiglitz tells Democracy Now that war cost will reach $5 to $7 trillion

Filed Under Latest posts, Videos, War & The Economy | Comments Off on Joe Stiglitz tells Democracy Now that war cost will reach $5 to $7 trillion

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http://www.democracynow.org/blog/2015/10/27/nobel_laureate_joseph_
stiglitz_on_rewriting

October 27, 2015:  In a wide-ranging interview with Amy Goodman of “Democracy Now”, Joe Stiglitz was asked about the costs of the wars. He notes that our estimate of the number of veterans who would be disabled in some way was far too low — its now 50% of those who served qualifying for lifetime disability benefits. This adds another $1 trillion to our estimates – leading to a minimum of $4 trillion for war costs, but probably much higher.

http://www.democracynow.org/blog/2015/10/27/nobel_
laureate_joseph_stiglitz_on_rewriting

Can the US afford another $3 Trillion Dollar War

Filed Under Latest News & Scandals, Latest posts, Recent Press | Comments Off on Can the US afford another $3 Trillion Dollar War

Lead story on CNN Business:

Key Points:

The real cost of additional warfare will be the loss of any kind of peace dividend or chance  to streamline Pentagon operations.

And this will happen at a time when the US economy is still fragile.

We should pay upfront for any more fighting – not just add to the debt.

READ FULL ARTICLE:

http://edition.cnn.com/2014/08/27/opinion/iraq-opinion-united-states-cost-of-war/index.html

 

The New Yorker cites Bilmes research on war costs

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http://www.newyorker.com/online/blogs/newsdesk/2013/05/the-number-446-billion.html

Gloomy reports detail huge fraud, waste and corruption in contracts in Iraq and Afghanistan

Filed Under Latest News & Scandals, Latest posts | Comments Off on Gloomy reports detail huge fraud, waste and corruption in contracts in Iraq and Afghanistan

The latest reports from those studying ongoing US operations in Iraq and Afghanistan are gloomy in every respect.

Stuart Bowen, Special Inspector General for Iraq,  characterizes Iraq as “less safe than one year ago”. As Mr. Bowen points out,  June was the deadliest month for U.S. troops in more than two years.  Attacks on civilians and government military and police installations have also increased, including a number of deadly suicide attacks. Read Mr. Bowen’s comments: http://www.cnn.com/2011/WORLD/meast/07/30/iraq.us.report/index.html#

Meanwhile, the Pentagon confirms that that much of the money from the $2 billion US contract for transportation is being diverted to the Taliban.  Afghanistan trucking contractors are paying tens of millions of dollars annually to local warlords across Afghanistan in exchange for guarding their supply convoys.  Read more:  http://newsfeedresearcher.com/data/articles_n31/military-contracts-afghanistan.html

Also this week, the Special Inspector General for Afghanistan Reconstruction, issued an audit showing that an insurance program for injured contract workers in Afghanistan potentially lost tens of millions of US taxpayer dollars due to faulty billing methods.  The audit blames the U.S. Army Corps of Engineers for failing to exercise strong oversight of its Defense Base Act workers compensation insurance program in Afghanistan, which led to higher insurance costs than necessary.  See: http://www.sigar.mil/pdf/PressRelease/PressRelease_20July2011_Audit11-15.pdf

FINALLY,  A bipartisan Congressional panel is expected to report that the U.S. has wasted or misspent $34 billion contracting for services in Iraq and Afghanistan, according to a draft report by the Commission on Wartime Contracting in Iraq, which was established in 2008 to investigate the overall cost of a decade of battlefield contracting in America’s two big wars.  The report will be issued in the next few weeks. See: http://www.wartimecontracting.gov/

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