Why America Won't Have Enough Money to Battle ISIS

Photo Credit: AP / U.S. Air Force, Staff Sgt. Shawn NickelPresident Obama says that it may take the U.S. and its allies three years to defeat Islamic State of Iraq and Syria militants, with heavy dependence on stepped up U.S. airstrikes. And some defense experts say it could cost the government an additional $15 billion to $20 billion a year to pursue this hazardous mission.

The fight against ISIS is already expensive. As of late August, the United States had spent $560 million fighting the group, and continues to spend $7.5 million daily on operations in Iraq. Last week Congress authorized the administration to spend an estimated $500 million to equip and train so-called moderate Syrian rebels to help counter the fast growing threat of ISIS.

But what if the mission mushrooms into a much bigger, more intensive and considerably longer operation than Obama has outlined — one that eventually forces the U.S. to send in combat troops into Iraq again? Will there be enough money in the defense budget to achieve Obama’s goal of “degrading and destroying” ISIS while preserving a strong armed forces?

Probably not, short of a major downsizing of the military and its gold-plated retirement and health care programs or a massive increase in deficit spending, according to economist Eugene Steuerle, a budget expert with the Urban Institute.

Steuerle, author of Dead Men Ruling: How to Restore Fiscal Freedom and Rescue Our Future, argues that years of accumulated tax cuts, discretionary budget policy, and entitlement programs have set so much of federal spending in concrete that lawmakers and the administration have little flexibility to respond to major crises or problems such as natural disasters or the upheaval in the Middle East.

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