The Trillion Dollar War: the Economics of Overextension –

The long-term burden of paying for the conflicts will curtail the country’s ability to tackle other urgent problems…Our vast and growing indebtedness inevitably makes it harder to afford new health-care plans, make large-scale repairs to crumbling roads and bridges, or build better-equipped schools. Already, the escalating cost of the wars has crowded out spending on virtually all other discretionary federal programs, including the National Institutes of Health, the Food and Drug Administration, the Environmental Protection Agency, and federal aid to states and cities, all of which have been scaled back significantly since the invasion of Iraq.

Source: The Trillion Dollar War: the Economics of Overextension – CounterPunch.org

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