HKS Affiliated Authors
Daniel Patrick Moynihan Senior Lecturer in Public Policy
Excerpt
Excerpt
Linda Bilmes: US Wars to Cost $4-6 Trillion! Linda Bilmes, April 10, 2013, Audio. "Bilmes discusses “The Financial Legacy of Iraq & Afghanistan: How Wartime Spending Decisions Will Constrain Future National Security Budgets,” prepared for JFK Center; focusing on long term human, social, economic costs of 2 wars financed by borrowing $ 2 trillion; estimates lifetime costs at $4-6 trillion; compares current wars with WW 1 & 2 & Vietnam; expanded role of Nat. Guard, Reserves & stress of unprecedented multi tours; 56% of vets, 870 thousand, on disability..." Link Verified October 12, 2014