The Pentagon spent $14 trillion after 9/11. Up to half of it went to for-profit defense contractors.
- Half of the $14 trillion spent by the Pentagon since 9/11 has gone to for-profit defense contractors, per a new study.
- The Pentagon's budget grew more than 10% in the first year after 9/11 occurred, the study said.
- Another recent report put the cost of the war on terror at over $8 trillion.
The US military has spent $14 trillion since the terrorist attacks on 9/11, with nearly $7 trillion of that total going to for-profit defense contractors, according to a new study from Brown University's Watson Institute for International & Public Affairs.
The American government massively ramped up defense spending following the attacks on the World Trade Center buildings to support the "Global War on Terror" - including the invasion of
Another recent report from Brown University's Costs of War Project found that the pricetag for the global war on terror stands at over $8 trillion. The report attributes $2.3 trillion to the Afghanistan and Pakistan war zone, $2.1 trillion to the Iraq and Syria war zone, and $355 billion to other war zones. The war on terror has claimed up to 929,000 lives, including over 7,000 US service members and at least 387,072 civilians, the report said.
"What have we truly accomplished in 20 years of post 9/11 wars, and at what price?" Dr. Stephanie Savell, co-director of the Costs of War Project, said in a statement on the new report. "Twenty years from now, we'll still be reckoning with the high societal costs of the Afghanistan and Iraq wars - long after US forces are gone."
President Joe Biden withdrew US forces from Afghanistan in August, ending America's 20-year conflict in the country that began as a direct result of the September 11 terrorist attacks.
"I stand squarely behind my decision," Biden said after the Taliban quickly took over the country. "I am the president of the United States of America. The buck stops with me."
- Billionaire investor Mark Mobius says he's been able to get his money out of China, but investing in the country is still a 'dilemma' amid national security laws
- The Carnival cruise passenger who went overboard and remains missing was on his first cruise and it became his 'happy place,' his fiancée said
- The new Barbie movie used so much pink paint on set that it caused an international shortage, according to its production designer
- Attractiveness of gold depends on US Fed's moves, say analysts
- Coal India’s ₹4,000 crore offer for sale subscribed 4x times
- Nvidia's Jensen Huang started with a $10 million failure before shifting gears to become a $1 trillion company
- Meet the top Nifty50 performers in FY23
- Apple to declare the 12-inch MacBook as obsolete on June 30