Paying for war: The cost of caring for America’s wounded vets

When Congress debated this year’s budget in April, one expense overshadowed almost all others: the cost of waging war.

More than 6,000 Americans have been killed in the current two wars in Iraq and Afghanistan. Thousands more have come home with serious injuries. Providing services to veterans is already the U.S. government’s fifth largest expense, after items like defense and social security. With an increasing number of wounded vets, there’s a growing concern that there is no long-term plan in place to pay for their care.

Even as the wars wind down in Iraq and Afghanistan, the financial cost of taking care of veterans continues to mount — and could eventually reach $1 trillion or more. Is America prepared to pay the cost for decades to come? Need to Know contributor Maria Hinojosa reports.

 
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Comments

  • jan

    This was really good, Ms. Hinojosa. 

  • guest

    Paying for war: The cost of caring for America’s wounded vets
    Yes, paying for war already caused enormous drain to American Economy.
    This is different from Vietnam war.  It created lot of problems and there were several anti-war demonstrations. At that time, Richard Nixon was the president and he lost because of war. 
    Both wars, Iraq and Afghanistanm created more problems and made American economy weaker and weaker. It is really shocking to know that many Americans live below porverty line. As a result their children are also living in a horrible condition, that too in America.

  • mc

    Paying for war? Paying for failed Financial Institutions -BOA, Wells Fargo Bank, Citibank, Countrywide? That works very well in American Politics. No wonder, politicians have interesting ideas.
    Their biggest job is how they can extract the maximum from the taxpayers without disturbing the voters.
    Very interesting