Been ‘Laden’ With Taxes: Osama’s Hidden Costs

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The reported death of Osama bin Laden won’t lead to a reduction in the amount the United States government spends each year in response to the terrorist attacks that occurred on Sept. 11, 2001.

According to an article on MoneyNews.com, “The financial bleeding won’t stop with bin Laden’s demise. One of every four dollars in red ink the U.S. expects to incur in the fiscal year beginning Oct. 1 will result from $285 billion in annual spending triggered by the terrorist scion of a wealthy Saudi family.”

The article details how the Federal government, using taxpayer anguish over the 9/11 attacks, has generated billions through new laws that address wartime needs.

“Next year alone, the U.S. plans to spend an additional $118 billion on military operations in Afghanistan and Iraq,” the article said. “Additional fiscal 2012 spending that can be attributed to bin Laden includes an extra $14 billion for Homeland Security, about $125 billion for the Pentagon excluding the two wars, expanded intelligence spending and increased aid to Pakistan.”

Costs are expected to continue, if not increase, for as long as the U.S. continues the so-called War on Terror. 

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