AP: Costs Of US Wars Linger For Over 100 Years
"That has been terribly abused," Simpson said.
Since heart disease is common among older Americans and is the nation's leading cause of death, the future deaths of thousands of Vietnam veterans could be linked to their service and their benefits passed along to survivors.
A congressional analysis estimated the cost of fighting the war was $738 billion in 2011 dollars, and the post-war benefits for veterans and families have separately cost some $270 billion since 1970, according to AP calculations.
â¿¿World War I, World War II and the Korean WarWorld War I, which ended 94 years ago, continues to cost taxpayers about $20 million every year. World War II? $5 billion. Compensation for WWII veterans and families didn't peak until 1991 â¿¿ 46 years after the war ended â¿¿ and annual costs since then have only declined by about 25 percent. Korean War costs appear to be leveling off at about $2.8 billion per year. Of the 2,289 survivors drawing cash linked to WWI, about one-third are spouses and dozens of them are over 100 years in age. Some of the other recipients are curious: Forty-seven of the spouses are under the age of 80, meaning they weren't born until years after the war ended. Many of those women were in their 20s and 30s when their aging spouses died in the 1960s and 1970s, and they've been drawing the monthly payments since. â¿¿Civil War and Spanish-American War There are 10 living recipients of benefits tied to the 1898 Spanish-American War at a total cost of about $50,000 per year. The Civil War payments are going to two children of veterans â¿¿ one in North Carolina and one in Tennesseeâ¿¿ each for $876 per year. Surviving spouses can qualify for lifetime benefits when troops from current wars have a service-linked death. Children under the age of 18 can also qualify, and those benefits are extended for a lifetime if the person is permanently incapable of self-support due to a disability before the age of 18.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV