War and the Economy

Usually in times of war such as during World War 1 our economy thrives on money from the war. During the war involving Iraq, our economy did just the opposite. Suffering from such economic hardship everyone is looking for some sort of relief from the recession in which we continue to build upon. The longer the war drags on the more debt we acquire thus costing the taxpayers more and more money.

Through budget assessments the cost of today's war is brought into perspective. The Korean War cost about $430 billion and the Vietnam War cost about $600 billion, in current dollars. According to the latest estimates, the cost of the war in Iraq could exceed $700 billion. Paying over $700 billion dollars on top of the money we are pouring into our economy seems to be piling onto the financial burden put onto our tax payers. But with every recession there is a following of economic prosperity it just takes time for the cycle to complete itself.

http://articles.sfgate.com/2005-07-17/news/17383398_1_normal-budget-process-war-spending-korean-war