Here’s How Much of Your Taxes Have Gone To Pay For Wars Since 9/11

Submitted by Stock Board Asset

Previously unreported Pentagon data shows how much the average U.S. taxpayer has paid for combat operations in Afghanistan, Iraq, and now Syria. According to the two page report summary, the cumulative estimated cost of the 16 year war in the Middle East has cost each taxpayer $7,500.

According to Defense One, Americans paid the most for the wars in 2010, an average of $767 per taxpayer. Since the peak, the annual amount has declined to $289 this fiscal year and $281 projected for 2018. By October of 2018, the Pentagon’s share of the wars in Afghanistan, Iraq and now Syria will have collectively cost taxpayers more than $1.5 trillion, according to the Department of Defense.

On the other hand, the Watson Institute at Brown U. tells a different story of the actual cost of war coming in at a staggering $4.8 trillion on a post 9/11 basis, and since this spending has been funded through new debt issuance, interest on the borrowed funds could climb to $7.9 trillion by 2053.

According a paper by Columbia University economist and former chief economist of the World Bank Joseph Stiglitz and Harvard University’s Linda Blimes, former US President George W. Bush’s economic adviser Larry Lindsey touted that war costs would be capped near $200 billion when pitching the Iraq War, which he thought would be “good for the economy.”

The economists wrote that "it now appears that Lindsey was indeed wrong – by grossly underestimating the costs." They determined that $750 billion to $1.2 trillion had been spent on the Iraq invasion alone, three years after the conflict started (2006). Now, 11 years after their paper, the Pentagon actually says that the Iraq, Afghan, and Syrian conflicts combined have summed just $1.5 trillion”.

On a historical basis, the Pentagon has had a checkered past when it comes to accounting. In 2001, Donald Rumsfeld told the American people, the Pentagon could not account for $2.3 trillion or $8,000 per American citizen.

Last August, the Pentagon did it again and according to a shocking government report, somce $6.5 trillion in taxpayer funds were unaccounted for due to "accounting error."

Considering the trillions in taxpayer funds spent to prop up the US defense industry, and the staggering amount of "accounting inconsistencies" inside the DOD, it is safe to conclude that America's war machine will be very busy in the coming years, making shareholders of the military-industrial complex richer with every passing year.

Comments

chestergimli Ol Man Sun, 10/01/2017 - 17:40 Permalink

Amazing! All the social security funds that they have stripped from us boomers' paychecks. They just stuck it in a hole in the ground? If I know the treasury department, they invested all of that money in every kind of investment wheel that they could find. They probably made enough off of those investments to pay for the people who had already retired and then into the future.

And what about all of those folks who died before they could collect any. Did someone just stuff it all in their pockets?

Anyone ever hear of Catherine Austin Fitts from the George H W Bush presidency who worked in the treasury department? She advised that up to, and including, his presidency, the bankers had stolen 4 trillion dollars from the American people. I can guess they stole the majority of that from the social security trust fund.

In reply to by Ol Man

Implied Violins Ol Man Sun, 10/01/2017 - 23:38 Permalink

Oh, you're paying for it, all right.

Are you still working? Then unless you are a McDonald's minimum wager, you're paying at least 33% taxes. Do you work in a state that taxes purchases? Another 8%. Do you have money taken out for social security? Are you paying taxes on a home you own? Do you have money removed for pensions? Do you own a business, and have to pay use taxes just to use your tools?

Face it, at least 40-50% of the average American's income goes to government. And if we keep passively accepting that, it will increase to 100%. Guaranteed.

In reply to by Ol Man

cynicalskeptic Duc888 Sun, 10/01/2017 - 20:23 Permalink

Gotta have someplace for the elites to run to when TSHTF.    Figure a few hundred underground bunkers equipped for a couple years and the Mars colony in case things REally hit the fan......   You KNOW it's gonna be bad when they're planning on taking out 6 billion people.That's the only explanation that makes sense...... there's no concern about the wholesale looting and financial mess, no concern about the mess the planet is in.... it's all about kicking it all down the road just a little bit more....... It's as if they aren't trying to fix anything because NOTHING IS GOING TO MATTERWho cares about debt that will never have to be repaid?   As long as you're in a bunker loaded with supplies when all hell breaks loose....   as long as you're not one of the schmucks left on the surface......   ever wonder how all the people left off the Ark felt?

In reply to by Duc888

any_mouse Nobodys Home Sun, 10/01/2017 - 17:07 Permalink

At about the same time in NYC, a building, not hit by an airplane, collapsed into its own footprint. That building housed the evidence for the investigative team at the Pentgram.

Right there is when the psycho trauma issues started for many Americans.

But let's blame Trump in 2017. Two Presidents and four terms after the crime.

In reply to by Nobodys Home

New_Meat shankster Sun, 10/01/2017 - 17:55 Permalink

There is this thing among the Misguided Children--It invovles basics of who gets what.It comes from Mao and the Communits Mao 6th Route Army and from the military observers who walked along.Anton Meryer did a scene in "Once an Eagle" about the march.The thing was, "Officers Eat Last"Simon Sinek does a great thing about leadership on Youtube -- including this lesson.All y'all gotta' go 2 utube 2 c dis sho'S/F- Ned{Sam G. was among them}

In reply to by shankster

any_mouse Justin Case Sun, 10/01/2017 - 17:02 Permalink

Corporate socialism. Includes MIC.

EBT cards and Obamaphones exist only to profit corporations.

The card and phone users are state sponsored consumers.

ObamaCare exists to prop up the medical insurance industry which creates price supports for medical providers.

State subsidized corporate profits funded by Public Debt created by Private bankers and tax dollars collected from productive citizens.

Is standing for the flag and national anthem really that important?

In reply to by Justin Case