
"One article from 2010 rom the Kabul Press even went out and showed that the estimated cost to kill each Taliban member is conservatively $50 million and that it could be as much as $100 million."
The Boston Massacre last week once again has put the War On Terrorism on the front burner. You can count on conservatives using it to fight the proposed immigration legislation. New security measures will be demanded and corporations will have new equipment to sell to meet those new measures.
In many ways, bin Laden was right. He insisted that terrorist acts would play havoc with countries economies and well-being. According to an article in 24/7 Wall Street, over four trillion dollars have been spent on the War On Terrorism.
There are some raw figures which start to become rather alarming. Steve Killelea is the founder of the Institute for Economics and Peace and he gave an interview to CNBC at the end of 2012 showing that the cost of the fight against terrorism was on the rise. This group put out a publication at the end of 2012 called the Global Terrorism Index ranking 158 nations around the world. This shows that in 2011 alone there were some 4,564 terrorist incidents globally which resulted in 7,473 deaths and also 13,961 injuries.
On the CNBC video, Mr. Killelea said that the cost to fight terrorism has risen handily. His estimate of the 9/11 cost the U.S. economy about $80 billion or 0.8% of GDP at the time. More recently, the cost to the airline sector in the United States alone went up by 25% to about $7.4 billion. Mr. Killelea said that this $7.4 billion cost compared to industry wide annual profits of about $8.6 billion at the same time.
While calculating the costs against terrorism are more than challenging, one issue stands out from the 2012 Global Peace Index: the economic benefit to the global economy was projected to be $9 trillion in the last year if the world had been completely peaceful.
If we go back further, there is a report from the Congressional Research Service showing the costs of the wars in Iraq and Afghanistan along with other terror operations since September 11, 2001. This showed in 2011 that Congress had approved a total of $1.283 trillion for things such as military operations, base security, reconstruction, foreign aid, embassy costs, and health care for veterans for the three operations initiated since the 9/11 attacks. Of that amount, $806 billion was allocated to expenses for Iraq and $444 billion for Afghanistan and related.