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Linda Bilmes

πŸ‘€ Speaker
273 total appearances

Appearances Over Time

Podcast Appearances

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The Cost of War

The munitions are the things that get fired, and then you have the things that fire them.

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The Cost of War

So all of that together is the largest component.

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The Cost of War

Something that is not considered upfront, but which becomes a cost of war, is the fact that we have, in the first two weeks, 50,000 US troops who were exposed to toxins and contaminants, which will make them eligible for

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The Cost of War

in many cases, lifetime disability benefits and medical care and so forth.

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The Cost of War

And that's a very, very significant cost.

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The Cost of War

So just to put this in perspective, right now in the government financial statements, we owe $7.3 trillion.

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The Cost of War

Wow.

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The Cost of War

in just disability benefits, not even counting medical care, to living veterans.

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The Cost of War

They're basically veterans of the first Gulf War, Iraq, Afghanistan, and some from Vietnam.

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The Cost of War

So it's a huge number.

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The Cost of War

And in the first Gulf War, which was a six-week war, 37% of those troops have claimed and have been approved to receive lifetime disability benefits.

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The Cost of War

in large cases for inhalation of toxins and things like that.

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The Cost of War

I mean, it was a ground war, but a lot of the inhalants were similar to the things that some of the troops who are stationed in the theater now are inhaling.

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The Cost of War

And so if we assume that

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The Cost of War

say, a third of those 50,000 who are there and who are inhaling this stuff now for weeks on end will develop some kind of respiratory problems, some of them more severely.

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The Cost of War

We've had several hundred who have been wounded more severely.

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The Cost of War

I mean, that leads to this long tail of costs, which go on for the next 30, 40 years.

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The Cost of War

They're totally deleting that.

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The Cost of War

We have no long-term mechanism for even really tracking those costs.

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The Cost of War

So if you think about Social Security liabilities that the U.S.