Costs of War 003

Gary Ghirardi Parent Category: Social media Campaign Resources 13 May 2021 13 May 2021 Last Updated: 13 May 2021 Hits: 199

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The current wars have been paid for almost entirely by borrowing. This borrowing has raised the US budget deficit, increased the national debt, and had other macroeconomic effects, such as raising consumer interest rates. Unless the US immediately repays the money borrowed for war, there will also be future interest payments. We estimate that interest payments could total over $8 trillion by the 2050s.

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https://watson.brown.edu/costsofwar/costs/economic

#CostsOfWar #EndEndlessWars #WatsonInstitute #BrownUniversity

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