According to data compiled by the Mercatus Centerciting the Congressional Research Service, the cost of global “War on Terror” operations (including both Afghanistan and Iraq) since 2001 had reached about $1.6 trillion by FY2014. When war funding approved by Congress for FY2015 is taken into account, the total reaches $1.7 trillion.
The majority of that funding, some $1.562 trillion, has been allocated to the Department of Defense. The “War on Terror” is proving extremely expensive compared to past military campaigns. Putting the cost into context, the bill for the Vietnam War comes to about $686 billion when adjusted for inflation.
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