How Much Does a U.S. War Cost? Ask Again in a Hundred Years
Going to war is a century-long commitment in terms of financial cost.
A review of federal payment records by the Associated Press revealed that the U.S. government is still paying for wars that took place not only in the 20th century, but in the 19th century as well.
Among the conflicts still draining the U.S. treasury are the Civil War (two children of long-dead veterans receive $876 a year each), the Spanish-American War of 1898 (ten benefit recipients), World War I and II, the Korean War, the Vietnam War, the two Iraq campaigns and the Afghanistan conflict.
In total, these wars are costing the government $40 billion a year to compensate veterans and survivors. World War I still costs taxpayers $20 million a year, World War II $5 billion and the Korean War $2.8 billion. The total cost of the Vietnam War, estimated to be more than $1 trillion in current dollars, includes $270 billion paid out in benefits.
Considering that compensation for World War II veterans and their families did not even peak until 46 years after the war ended, it would not be surprising if, in the words of Mike Baker of the Associated Press, “the U.S. government will be paying for the Iraq and Afghanistan wars for the next century as service members and their families grapple with the sacrifices of combat.”
-Noel Brinkerhoff, David Wallechinsky
To Learn More:
Costs of US Wars Linger for Over 100 Years (by Mike Baker, Associated Press)
Costs of Major U.S. Wars (by Stephen Daggett, Congressional Research Service) (pdf)
Cost of War (National Priorities Project)
Cost of War to American Taxpayers? Don’t Ask (by Noel Brinkerhoff and David Wallechinsky, AllGov)
Modern Wars: Fewer Soldiers, More Money (by Noel Brinkerhoff, AllGov)
War Costs Americans More Than All State Governments Combined: Sherwood Ross (by Noel Brinkerhoff, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Trump Choice for Labor Chief is Outspoken Critic of Worker Protections, Minimum Wage Increases
- Mass Deportations Damage U.S. Housing Market by Exacerbating Foreclosures
- Trump’s Cyberbullying of Union Boss Called “Dark and Disturbing” Assault on Right to Dissent
- Direct Link Seen Between Crime Rate and Interest Rates in U.S.
- Many Smartphone Health Apps Fail to Warn Users of Danger