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Report: Bush wars cost average U.S. family $20,000

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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-13-07 08:47 AM
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Report: Bush wars cost average U.S. family $20,000
Democrats say hidden costs double price of conflicts in Iraq, Afghanistan

WASHINGTON - A new study by congressional Democrats says "hidden costs" have driven the price of the wars in Iraq and Afghanistan to about $1.5 trillion, The Washington Post reported on Tuesday.

That figure is nearly double the $804 billion the White House has spent or requested, according to the report by the Democratic staff of Congress's Joint Economic Committee, which examines the hidden costs of the wars, the Post said.

According to the panel, the hidden costs include higher oil prices, the expense of treating wounded veterans and interest payments on money borrowed to pay for the wars, the newspaper said.

The report was expected to be presented on Capitol Hill on Tuesday.

A 21-page draft obtained by the newspaper estimates that the wars have cost the average U.S. family of four more than $20,000, the Post said.

The study concludes that the cost to the average family could more than double, to $46,300, over the next decade, with estimated economic costs to the United States reaching $3.5 trillion if the conflicts continue at their current pace, the Post said.

The Post said the report estimated that war injuries could add more than $30 billion in future disability and medical care costs, including billions in lost earnings for veterans who cannot work because of post-traumatic stress disorder.

http://www.msnbc.msn.com/id/21766479/
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jojo54 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-13-07 09:04 AM
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1. For some people, that's one year's salary/income.
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InkAddict Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-13-07 10:20 AM
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2. So, does that mean some families can already say
"I gave at the office" that was outsourced or, perhaps, "Charity begins at home," the ones we could not sell, refi, or own any longer?"

*Co should announce a new Plastic Medal of Freedom to those who sacrificed early on. Then those TERRISTS can hate us for our metal, medal, meddle.
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