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Study: Wars in Iraq & Afghanistan Cost $1.5 Trillion

HeadlineNov 13, 2007

A new study by congressional Democrats estimates the total economic costs to the United States of the wars in Iraq and Afghanistan now total approximately $1.5 trillion. The study estimates the “hidden costs” of the conflict including higher oil prices, the expense of treating wounded veterans and interest payments on the money borrowed to pay for the wars. The Washington Post reports this amount is nearly double the $800 billion the White House has spent or requested to wage the wars through 2008. The report estimates that the wars in Iraq and Afghanistan have thus far cost the average U.S. family of four more than $20,000.

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