US is still paying Civil War benefits
If you're wondering what Iraq will ultimately cost, look at continuing payouts to veterans and families from wars long ago.
Maybe the government will let them know once it finally settles accounts -- from the Civil War.
The Associated Press took on a seemingly simple assignment: find out just how much America's wars have cost and what that will mean for Iraq and Afghanistan spending. It discovered that the U.S. is still paying restitution for conflicts that began in the 19th century. Lawmakers are not only unsurprised by this but insist that's how it should be.
Sen. Patty Murray (D-Wash.) says her father's disability payments from World War II helped feed her family and served as a reminder that the country needs to think about such costs before entering any such conflict.
That view has received some resistance from the other side of the aisle, however. Former Republican Sen. Alan Simpson -- who co-chaired President Barack Obama's deficit committee in 2010 -- says lawmakers looking to tamp down federal debt shouldn't consider survivor benefits off-limits. He insists that recipients should receive such payments based solely on need and that "without question, I would affluence-test all of those people."
Perhaps he would start with two elderly children of Civil War veterans in North Carolina and Tennessee. Though born in the 1920s and 1930s, the two recipients in question were fathered by Civil War veterans in their 70s and 80s (not an uncommon occurrence, especially in the veterans community). Those the two offspring still receive $876 a year in benefits. Such survivor payouts usually end by the time children turn 18, but those born with disabilities rendering them incapable of caring for themselves are covered for life.
Such is the case with 10 surviving children of veterans from the 1898 Spanish-American War. They're still awarded a combined $50,000 a year for their parents' service.
But that doesn't even come close to the compensation the U.S. pays out to Vietnam veterans, their families and families of those killed in action. That alone tops $22 billion a year, is greater than the FBI's annual budget and is nearly three times what the government pays in compensation to veterans and surviving families from World War I ($20 million), World War II ($5 billion) and the Korean War ($2.8 billion) each year.
OK -what is this nit-wit talking about?
Common social security would provide benefits to disabled children all their lives too, and they didn't need to have served their country honorably to earn it!
There's no doubt the dollars are a lot, war is costly, BUT REALLY Mr. NOTTE, you would continue to doal out billions to people who riot in Compton and Watts, give them cell phones even, yet DENY taking care of the disabled prodigy of our country's war veterans?
What the hell is wrong with you dude?
...Simpson seems to want to cut everyone but himself, and ex-presidents.......like carter and bush one
and clinton and bush two and........simpson has been drawing off the gov for a hundred years.......or so
what does it cost us for obama to go golfing all the time....hundreds of thousands...and us with an 16.7 trillion deficit...or what about gsa...? or tsa or ice or...and the litney goes on and on.....!.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] Recent action saw the S&P 500 (+0.2%) climb to a new session high. The move also helped the Nasdaq (+0.2%) return into the green, but some portions of the tech-heavy index continue showing relative weakness.
The high-beta biotech group lags with the iShares Nasdaq Biotechnology ETF (IBB 256.65, -2.69) trading lower by 1.0% after spiking 2.2% yesterday. Similarly, chipmakers are also on the defensive with the PHLX Semiconductor Index lower by 0.6%. Qualcomm ... More
More Market News
4 analysts downgrade the stock the day after a disappointing quarterly report.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'