Is this "War on Terror" good or bad for our economy?

Question

Givens: All war does do a few things for the economy, it adds new/ more jobs (more people needed to build and control things), and essentially requires the government to put more of its money into the economy.
However:
-Were we so close to full employment before the war that adding money to the economy would cause inflation?
-Will this not just put our government more into debt?
-Eventually will US citizens be required to pay off the debt or live with the affects of an over-pressured or over-expanded economy?
-Is the US economy in a good position to continue fighting the war?

Answer 1

kind of both ,but mostly bad.

Answer 2

-Were we so close to full employment before the war that adding money to the economy would cause inflation?

money needs to be added to the economy, or inflation will go down... which is worse. full employment and inflation do not have much in common. there isnt as much of a war industry for the war on terror as you think, its remarkably limited. WWII on the other hand...

-Will this not just put our government more into debt?

if the government spends more than it makes it will go into debt. do we have the ability to pay it off? yes. Will a world with no (much less) terror allow us to have a better economy and have more wealth to pay the debt? yes.

-Eventually will US citizens be required to pay off the debt or live with the affects of an over-pressured or over-expanded economy?

unless we default, well have to pay it off. if we got to the point where we had to default, we have bigger problems. looking at the rate of growth of countries like china and post WWII japan, i dont think that we will have a terrible problem with too much growth.

-Is the US economy in a good position to continue fighting the war?

the only hindrance is the public reaction and the medias reporting. the return on investment is unknown, but if a democratic iraq can be set up (on top of one of the worlds largest oil reserves) i think that it will be worth it. we are the worlds military super power, but more importantly we are the economic super power too.

Answer 3

It's bad, just look at the employment rate, and the cost of living and gas

Answer 4

Absolutely useless. this war is nothing but a waste of MONEY. let those idiots handle thier own government. NO ONE ASKED THE US TO INTERVEIN. I hatepolitics but i know this much