In the face of these rather substantial and growing amounts, a recurring question has been how the mounting costs of the nation's current wars compare to the costs of earlier conflicts. Almost as soon as the next Administration takes office, the military services are expected to submit requests for additional funds-quite possibly $100 billion or more-to cover costs of overseas operations and of repairing and replacing worn equipment through the remainder of the fiscal year. Since the terrorist attacks of September 11, 2001, Congress has appropriated more than $800 billion for military operations in Afghanistan, Iraq, and elsewhere around the world, including $65 billion to cover costs for the first few months of FY2009. This report will be updated periodically to reflect additional appropriations for ongoing conflicts and to adjust constant dollar figures to prices of the current fiscal year. The report also provides estimates of the cost of each war as a share of Gross Domestic Product (GDP) during the peak year of each conflict and of overall defense spending as a share of GDP at the peak. ![]() All estimates are of the costs of military operations only and do not include costs of veterans benefits, interest paid for borrowing money to finance wars, or assistance to allies. It gives figures both in "current year dollars," that is, in prices in effect at the time of each war, and in inflation-adjusted "constant dollars" updated to the most recently available estimates of FY2008 prices. wars from the American Revolution through current conflicts in Iraq, Afghanistan, and elsewhere. This CRS report provides estimates of the costs of major U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |