Drastic increases in defense spending after 9/11 ended the “era of hard choices” of funding. The decision to put the wars in Iraq and Afghanistan on the credit card rather than raise taxes will shape American foreign policy and the federal budget for decades to come. And it gets worse: According to Harvard Kennedy School Professor Linda Bilmes, spending on veterans typically peaks 30-40 years after the conclusion of a war. Given this reality and the massive amounts of debt our government has racked up in the last 15 years, we’re looking at around $3 trillion in operational costs and $2 trillion in accrued liabilities. In this video, we lay out seven things you didn’t want to know about military spending – but probably should.
December 6, 2015