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$$- Iraq/Afghanistan War

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by

Day Group

on 28 March 2013

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Transcript of $$- Iraq/Afghanistan War

How Much Money the US
Spent on the Iraq/Afghanistan
War Why the United States went to war with Iraq The War in Afghanistan began on October 7th, 2001, when the armed forces of the United States, the United Kingdom, Australia, France, and the Afghan United Front (Northern Alliance) launched Operation Enduring Freedom. The U.S. organized the operation in response to the terrorist attacks of September 11 in the United States. The objective of the invasion was to dismantle the Al Qaeda organization and end its use of Afghanistan as a base. Why we went to war
with Afghanistan Afghanistan: Pros: 1) Shows that the US has Strength
2) Fighting Extremism
3) Uniting NATO

Cons: 1) Wastage of Money
2) Making More Enemies
3) Wasting Precious Lives Afghanistan The government predicted to spend $50-200 billion on the war but, in October 2007, the CBO said in a new report that the United States had already spent $368 billion on its military operations in Iraq, $45 billion more in related services (veterans care, diplomatic services, training), and nearly $200 billion on top of that in Afghanistan. The CBO now estimates the costs of the Iraq war, projected out through 2017, might top $1 trillion, plus an extra $705 billion in interest payments, and says the total cost of Iraq and Afghanistan combined could reach $2.4 trillion. War Cost In Iraq & Afghanistan Americans were told by President Bush and his
administration that the U.S. was going to war
with Iraq because of the imminent threat of
Saddam's weapons of mass destruction and ties
to terrorism. Yet to date, no such weapons or
ties have been revealed. Iraq Econ. Population:

32.8 million

GDP (PPP):

$127.6 billion

9.9% growth

5.1% 5-year compound annual growth

$3,886 per capita

Unemployment:

15.0%

Inflation (CPI):

6.0%

FDI Inflow:

$1.6 billion What did we really spend? The government predicted to spend $50-200 billion on the war but, in October 2007, the CBO said in a new report that the United States had already spent $368 billion on its military operations in Iraq, $45 billion more in related services (veterans care, diplomatic services, training), and nearly $200 billion on top of that in Afghanistan. The CBO now estimates the costs of the Iraq war, projected out through 2017, might top $1 trillion, plus an extra $705 billion in interest payments, and says the total cost of Iraq and Afghanistan combined could reach $4 trillion. What government Military spending affects United States Rise Of Oil Cost

Stock Market Crash

Rise of Taxes

More $$ Spent

Not enough schools being built which are taking away jobs for teachers. Afghanistan War Money spent on Afghanistan: - Currently, money is still being spent. - Roughly $641.7 billion have been spent on Afghanistan from 2001-2013 - From 2001-2011, $443 billion was spent. Which means that 30% of the cost was spent in 2012-2013 Vast majority went
to the Afghan security
forces and not development. It's a lot of money to spend with so few controls, so few plans, so little auditing, and almost no credible measures of effectiveness. - future medical care for soldiers
- veterans wounded in the war
- additional interest payments on the national debt both military and non-military spending such as reconstruction. What the money went to: soldiers' regular pay is not included but combat pay is included. Potential Future Costs Afghanistan Population:
31.1 million
GDP (PPP):
$29.7 billion
5.7% growth
10.3% 5-year compound annual growth
$956 per capita
Unemployment:
Inflation (CPI):
11.2%
FDI Inflow:
$83.4 million Spending on Iraq is also a job killer. Every $1 billion spent on a combination of education, healthcare, energy conservation and infrastructure investments creates between 50 and 100 percent more jobs than the same money going to Iraq. where does our money go ?
Full transcript