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War funding: 2001 to present
War funding: 2001 to present

In order to fund wars in Iraq and Afghanistan, Presidents Bush and Obama have spent more than $1 trillion on direct costs alone.

On top of that, annual defense spending has just about doubled since 2001, rising to almost $700 billion in 2010. Military spending now accounts for more 20% of the entire federal budget.

Obama ordered more troops to Afghanistan in 2009, while he has simultaneously drawn down forces in Iraq. Costs are still sky-high. In February, Obama requested $118 billion to fund the wars just for fiscal year 2012.

NEXT: Medicare drug benefit: 2003
Last updated April 27 2011: 5:01 AM ET
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