According to the Harvard University’s Kennedy School of Government 2013 report, this accounted for roughly 20 per cent of the total amount added to the US national debt between 2001 and 2012.
According to the report, the US “has already paid $260 billion in interest on the war debt,” and future interest payments would amount to trillions of dollars. This Harvard University report has also been carried on its website by the Centre for Research on Globalisation, which is a widely-quoted Montreal-based independent research and media organisation.
In its report under review, the 377-year old Harvard University has viewed that these afore-mentioned wars had not only left the United States heavily indebted, but would also have a profound impact on the federal government’s fiscal and budgetary crises over a protracted period.
The report has attributed the largest share of the trillions of dollars in continuing costs to care and compensation for hundreds of thousands of troops left physically and psychologically damaged by the two wars being discussed here. MORE
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