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2010-09-13 17:10:19
The Staggering Cost of Wars Telling on the Economy
<p>Everything has become costly; so too has the business of running wars. The two wars of Afghanistan and Iraq have cost America a whopping $1 trillion till now. It ranks just after the price tag of World War II - $4 trillion. In the last Great War <a href="http://www.foreclosurewarehouse.com/content/foreclosures/foreclosure-homes/considerable-amount-of-homes-are-in-foreclosure-due-to-non-repayment-of-loans-in-usa/">USA</a> had placed 16 million of its citizens to fight across three continents.</p>
<p><br>
The initial reaction to the recent statistics compiled by Congressional Research Service released in late July can hardly be described as shock. These figures will play a vital part in churning up the political and economic cauldrons to place checks on the budget of the Pentagon. The staggering cost of wars is undoubtedly telling on the economy.</p>
<p><br>
As compared to World War II these two clashes in small countries like Afghanistan and Iraq are relatively modest but then why are they so <a href="http://www.foreclosurewarehouse.com/content/foreclosures/foreclosures-expensive-lee-county/">expensive</a>? The answer is advanced technology of 21st century. Specialist Stephen Daggett writes in the Congressional report, “The most sophisticated weaponry was a 36-gun frigate that is hardly comparable to a modern $3.5 billion destroyer”.</p>
<p><br>
The figures can be interpreted from another way. The peak of the spending on these wars was in 2008 when the war expenses accounted for 1.2% of the GDP of America. During the years of peak spending during World War II in 1945 the cost was about 36% of the GDP. The reason for this is that during the post Great War period USA <a href="http://www.foreclosurewarehouse.com/content/foreclosures/foreclosure-crisis/country-foreclosures-effect-overall-economy/">economy</a> soared to unprecedented heights during these previous 65 years. For the previous war proportionately much greater sacrifice and united action was required to squeeze out the $ 4 trillion from a relatively much lesser economy for World War II. Many historians find the difference to be troubling.</p>
<p><br>
Historian David M. Kennedy of <a href="http://www.foreclosurewarehouse.com/homes/IN/MONROE/STANFORD/">Stanford</a> University said, “The army is at war, but the country is not.” He said that American has created and put on the field an army that can operate a lethal war “without the society in whose name it fights breaking a sweat”. As a consequence, he added, there have arisen moral questions for the politicians. The civil society is bound to be disturbed when presented face to face with the knowledge of facts.</p>
<p><br>
A counter argument it that for paying the two wars <a href="http://www.foreclosurewarehouse.com/content/foreclosures/tax-foreclosure/what-tax-lien-foreclosures/">taxes</a> have not been imposed – this being the first time that such a thing has happened since the time of the Revolution. Whether for good or for bad this has even more divorced the civilians of America from two wars being raged in distant lands. But taxes or not the socio-economic impact on the country cannot be ignored.</p>

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