Wednesday, June 16, 2004

THE COST OF WAR: $500 per month, per household 

In his forthcoming book The Real Cost of War, Joshua S. Goldstein suggests the following:

To get an idea what your household pays for security against foreign threats, install a parking meter in your living room, and insert a quarter every twenty minutes, 24/7. This amount – about $500/month – is what the government spends, per household, on military-related budgets including veterans’ benefits and homeland security expenses. It will not bankrupt us, but it is a substantial cost.

The book covers government spending, the broader economic effects of war, and the future costs, as well. Here's a sample: Chapter One (pdf file)

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