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Presentation slide / financial analysis report
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1.39 MB
Summary
This document is a Goldman Sachs Investment Management Division presentation slide (page 12) analyzing the financial and human costs of major US wars, specifically comparing Vietnam, the Persian Gulf, Iraq, Afghanistan, and Syria. It includes a table detailing military costs and casualties, noting that the total cost of the war on terror is estimated at $5.9 trillion, and features a Gallup poll chart tracking American public opinion on defense spending from 1969 to 2019. The document bears the Bates stamp HOUSE_OVERSIGHT_026956, indicating it was part of a document production for the House Oversight Committee.
Locations (7)
| Location | Context |
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Key Quotes (2)
"Total costs of the war on terror for the US (including wars in Iraq, Afghanistan, and Syria), are estimated to be $5.9 trillion."Source
HOUSE_OVERSIGHT_026956.jpg
Quote #1
"Over 40% of Americans think the US is spending the right amount on national defense, the highest level in 15 years, but would there be appetite for yet another costly military incursion into the Middle East?"Source
HOUSE_OVERSIGHT_026956.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,613 characters)
Cost of US Wars
Investment Management Division
Goldman Sachs
Investment Management Division
Goldman Sachs
1. Military Cost and Casualties of Recent US Conflicts
[Table]
Conflict | Military Cost ($bn)* | Years of US Involvement | Casualties (Thousand)**
| | | | Deaths | Non-Mortal Woundings | Total
Vietnam | 821 | 17.4 | 58 | 153 | 212
Persian Gulf | 113 | 0.6 | 0 | 0 | 1
Iraq | 822 | 8.8 | 4 | 32 | 36
Afghanistan | 975 | 17.4 | 2 | 20 | 22
Syria | 54 | 4.7 | 0 | 0 | 0
Conflict | Military Cost ($bn)* | Years of US Involvement | Casualties (Thousand)**
| | | | Deaths | Non-Mortal Woundings | Total
Vietnam | 821 | 17.4 | 58 | 153 | 212
Persian Gulf | 113 | 0.6 | 0 | 0 | 1
Iraq | 822 | 8.8 | 4 | 32 | 36
Afghanistan | 975 | 17.4 | 2 | 20 | 22
Syria | 54 | 4.7 | 0 | 0 | 0
2. Gallup Poll: "Do you think the US is spending too little, about the right amount or too much on national defense and military purposes?"
[Chart Legend]
— Too little — About right — Too much
— Too little — About right — Too much
[Chart Axes]
Percent of Respondents (0 to 60)
Years (1969 to 2019)
[Data labels indicate values ending at approximately 25, 29, 43 in 2019]
Percent of Respondents (0 to 60)
Years (1969 to 2019)
[Data labels indicate values ending at approximately 25, 29, 43 in 2019]
▪ Total costs of the war on terror for the US (including wars in Iraq, Afghanistan, and Syria), are estimated to be $5.9 trillion.
▪ Over 40% of Americans think the US is spending the right amount on national defense, the highest level in 15 years, but would there be appetite for yet another costly military incursion into the Middle East?
*Costs of military operations only. Iraq & Afghanistan costs based on all overseas contingency operations as of 2018; all other estimates based on 2010 CRS report scaled by US CPI through 2018. **Deaths: Battle and other in the theater.
Source: Investment Strategy Group, Congressional Research Service, "Costs of Major US Wars," June 29, 2010; Department of Defense Casualty Status; Department of Veterans Affairs; Watson Institute at Brown University, Gallup, New York Times.
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Source: Investment Strategy Group, Congressional Research Service, "Costs of Major US Wars," June 29, 2010; Department of Defense Casualty Status; Department of Veterans Affairs; Watson Institute at Brown University, Gallup, New York Times.
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