Post-Osama situation: Americans still to bear the burden of war tax

Post-Osama situation: Americans still to bear the burden of war tax
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Summary The Americans would have to bear the burden of taxes for years to come even after Osamas death.

According to the economic experts, the US government spent $2 trillion combating bin Laden over the past decade, more than 20 percent of the nation’s $9.68 trillion public debt. That money paid for wars in Afghanistan and Iraq, as well as additional military, intelligence and homeland security spending above pre-Sept. 11 level.This year alone, taxpayers are spending more than $45 billion in interest on the money borrowed to battle al-Qaeda, the experts say.The financial bleeding won’t stop with bin Laden’s demise. One of every four dollars in red ink the US expects to incur in the fiscal year beginning Oct 1 will result from $285 billion in annual spending.