More than a trillion dollars has been appropriated since September 11, 2001 for U.S. military operations in Iraq, Afghanistan and elsewhere. This makes the “war on terrorism” the most costly of any military engagement in U.S. history in absolute terms or, if correcting for inflation, the second most expensive U.S. military action after World War II.
A newly updated report from the Congressional Research Service estimated the financial costs of major U.S. wars from the American Revolution ($2.4 billion in FY 2011 dollars) to World War I ($334 billion) to World War II ($4.1 trillion) to the second Iraq war ($784 billion) and the war in Afghanistan ($321 billion). CRS provided its estimates in current year dollars (i.e. the year they were spent) and in constant year dollars (adjusted for inflation), and as a percentage of gross domestic product. Many caveats apply to these figures, which are spelled out in the CRS report.
In constant dollars, World War II is still the most expensive of all U.S. wars, having consumed a massive 35.8% of GDP at its height and having cost $4.1 trillion in FY2011 dollars. See “Costs of Major U.S. Wars,” June 29, 2010.
America’s affordability problem is bigger than home prices and rents. The best housing policies make it easier to build homes, and recognize how housing connects to other domains.
America’s affordability problem, for instance, is bigger than home prices and rents. How we build affects household costs like insurance and utilities.
As humans expand our geographic reach, encroach on untouched natural territories, and interact more with animal populations, we will encounter novel zoonotic diseases that threaten the human body. The sooner we act to address these risks, the better.
This report serves as a landscape assessment and toolbox from which local governments can negotiate an informed position when it comes to the levers available to them and includes a first-of-its kind analysis of eight executed community benefits agreements.