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« Hurricane, Hüzün & Holy City - Isaac's Storm | Main | The Oldest Conflict of All »

November 06, 2007

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Does the military expenditure also count the "aid" we give to other countries to fight and torture on our behalf?

Military aid (and deep discounting) are not included in the global trade figures in the Congressional Research Service report (only actual arms sales are counted). My guess is that the WRL would have included all such "aid" in the 51% slice of the budget spending pie.

It's pretty uncanny that a http://www.latimes.com/la-na-warcost14nov14,0,2237064.story?coll=la-home-center>new report released today covers the same ground and estimates that:

The total cost of the wars in Iraq and Afghanistan could balloon to $3.5 trillion over the next decade because of such "hidden" costs as oil market disruptions, foregone investments, long-term health care for veterans and interest payments on borrowed war funding, according to a report released by congressional Democrats on Tuesday.

The projection, by the Democratic majority on the Joint Economic Committee, is more than $1 trillion higher than a recent forecast by the nonpartisan Congressional Budget Office, which accounted only for direct spending and interest payments and assumed a moderate withdrawal of troops between now and 2017.

So the cost of war for a family of four works out to be $42K. By the way, the total cost of war of $3.5 trillion is about 5 times the annual GNP of India, i.e., five times the combined annual income of all Indians. Alternately, it is about 80% of what all humans on earth earn in a year.

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