Have you ever wondered how much money our government has spent on the war in Iraq? Well to many peoples surprise according to the Congressional Research Service (CRS) The US government has appropriated well over 300 billion dollars! And according to some economists if the troops stay well through 2010 that the price may hike up to over 1 trillion! Now you may ask yourself "how exactly does the war affect our economy" well the answer to that question is that due to the war our deficit has gotten bigger and our government is pretty much borrowing money in order to pay for its spending.
Also due to the war it has raised oil prices and lowered global income. But man other economists beleive that our economy during this war isnt suffering but rather growing. Due to the war the soldier salaries are increasing and also the latest weapons can be produced. I for one am in between, sure the war may have started a few troubles here in the U.S but also it has helped with our military progress in weapons, aircraft, and other products.
http://www.cfr.org/economics/cost-iraq-war/p11943
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