U.S. soldiers arrive at the Kandahar Air Field in southern Afghanistan in MarchJohn Moore / Getty
From Time Magazine:
The news that President Bush's war on terrorism soon will have cost the U.S. taxpayers $1 trillion — and counting — is unlikely to spread much Christmas cheer in these tough economic times. A trio of recent reports — none by the Bush Administration — suggests that sometime early in the Obama presidency, spending on the wars started since 9/11 will pass the trillion-dollar mark. Even after adjusting for inflation, that's four times more than America spent fighting World War I, and more than 10 times the cost of 1991's Persian Gulf War (90% of which was paid for by U.S. allies). The war on terrorism looks set to surpass the costs the Korean and Vietnam wars combined, topped only by World War II's price tag of $3.5 trillion.
The cost of sending a single soldier to fight for a year in Afghanistan or Iraq is about $775,000 — three times more than in other recent wars, says a new report from the private but authoritative Center for Strategic and Budgetary Assessments (CSBA). A large chunk of the increase is a result of the Administration's cramming new military hardware into the emergency budget bills it has been using to pay for the wars.
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My Comment: The "War on Terror" is going to be with us for a very long time, but the cost for not fighting it will be higher.