“The Iraq and Afghanistan wars will cost the United States between $4-6 trillion in the long term. Harvard University scholar Linda Bilmes concluded that the United States will face increasing costs to care for an estimated 2.5 million veterans, and to pay down debt incurred by borrowing to pay for the wars. Bilmes said that costs will climb over decades. She wrote that the peak year for disability payments over World War I, which ended in 1918, was 1969 as veterans became elderly. Donald Rumsfeld, the defense secretary under Bush, said before the invasion that the Iraq war would cost around $50 billion and called higher estimates ‘baloney.’”
