Wednesday, 11 February 2015

"War on Terror"

Article: "war on Terror' has cost US a whopping $1.7tn until now  ( http://www.ibtimes.co.uk/war-terror-has-cost-us-whopping-1-7tn-until-now-1486993 )



        The US has spent a massive amount on its "War on Terror", amounting to more than the 2013 gross domestic product of Australia(from article). The United States has spent more then a  whopping 1.7 tn dollars($US) on war. This massive costs include the operations of Iraq and Afghanistan lasting a miraculous 10+ years. Breaking up the costs we see that more money was spent on Iraq( $815 Billion) and not far behind is the amount spent on Afghanistan($686 Billion).  And where does the government get such a funding for war?Tax payers. The tax payers are responsible for paying the 1.7 Trillion dollars. 

            Being an economic based article, it was easy to connect it to a real life economic crisis, the World War II recession. After WWII ended, economically the country was collapsing, creating a recession lasting a staggering 10 years. We can relate this article to that because in the article they talk about how much money has gone towards war but do not talk about the possible aftermath which is likely to be similar to the recession. Since tax payers are the one funding the war it only makes sense that it will be the recession all over again, lasting possibly a  long time. Since this is the most amount of money ever spent on one particular operation, combined the recession is only a matter of question of when it will begin to take serious effects. 



            

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