Study finds cost of the wars up to $900B: "A new study estimates that the cost for the United States of the wars in Iraq and Afghanistan will reach about $900 billion over the next 40 years and there's no plan to pay for it.
The study, conducted by Nobel Prize economics laureate Joseph E. Stiglitz and Linda Bilmes, a professor at Harvard's Kennedy School of Government, was presented Thursday during a hearing at the U.S. House of Representatives Veterans' Affairs Committee.
'The evidence from previous wars shows that the cost of caring for war veterans continues typically to rise for several years and peaks in 30-40 years after a conflict,' Bilmes said. 'The costs rise over time as veterans get older and their medical needs grow.'"
