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Jack Moore – THE COST OF WAR FOR THE U.S. TAXPAYER SINCE 9/11 IS ACTUALLY THREE TIMES THE PENTAGON’S ESTIMATE

Summary:
A massive transfer of wealth from the poor to the rich. The militarily- Industrial complex is raking it in.  The United States military has spent more than .6 trillion on conflicts since 2001, more than three times the Pentagon’s actual estimate, according to a new study. The Department of Defense reported earlier this year that it had spent around .5 trillion on conflicts, including putting putting troops on the ground in Iraq and Afghanistan, air raids in Syria and Iraq to battle the Islamic State militant group (ISIS) and a drone campaign and raids against extremists in Pakistan. But that figure appears to underplay the real cost of war for the American taxpayer, at least according to the Watson Institute of International and Public Affairs at Brown University. It puts the

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A massive transfer of wealth from the poor to the rich. The militarily- Industrial complex is raking it in. 
The United States military has spent more than $5.6 trillion on conflicts since 2001, more than three times the Pentagon’s actual estimate, according to a new study.
The Department of Defense reported earlier this year that it had spent around $1.5 trillion on conflicts, including putting putting troops on the ground in Iraq and Afghanistan, air raids in Syria and Iraq to battle the Islamic State militant group (ISIS) and a drone campaign and raids against extremists in Pakistan.
But that figure appears to underplay the real cost of war for the American taxpayer, at least according to the Watson Institute of International and Public Affairs at Brown University. It puts the total cost at $5.6 billion, or $23,000 per taxpayer.
Newsweek

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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