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2007-05-18 08:59:20 · 7 answers · asked by Anonymous in Social Science Economics

7 answers

"Is war sustaining the US economy?"

No, the war is not sustaining the US economy. The word "sustain" is a too strong word. The war does help the US economy a little bit, because there's more spending as a result of the war. But this excess spending is not that much that it would be able to SUSTAIN the economy. Definitely not.

[Notice, however, that the depression that started in 2000 ended in 2003 when the Iraq war started!]

2007-05-18 15:35:51 · answer #1 · answered by frozen555 5 · 0 1

Our economy is actually pretty okay. We have roughly 13 trillion, and a limit of 9 trillion in debt. That's 4 trillion for ourselves.

We all know that oil companies purposefully spike oil prices, so, no, war isn't sustaining economy.

Also, since most people are against the war at this point, nationalistic support isn't being reflected in industries, so war isn't supporting us there, either. So yeah, no.

2007-05-18 09:05:47 · answer #2 · answered by firestreak3000 1 · 1 1

wow, i get tired of hearing about gas prices. First of all, NO war is not sustaining the economy. The two things are connected, but the economy is more dependent on how much money people make and how much they spend. (this is why high taxes are bad, the economy does not need to be regulated by the government; we are CAPITALIST not COMMUNIST). and another thing, the gov't isn't making money off of gas prices.

2007-05-18 09:05:49 · answer #3 · answered by D.C. 3 · 1 1

No, military defense contracts are a very small fraction of our Gross Domestic Product.
Even Boeing relies much less on military contracts than it did back in the 1980's Reagan years. They do mostly commercial aircraft and technology now.

War is depressing the economy by creating a government deficit and power struggles within congress, which have led to a slow stock market growth and flattening economy.

2007-05-18 09:35:37 · answer #4 · answered by Whitman Lam 5 · 1 2

it's not the war, it's the Republican government

watch is all go down when Dems get their paws on tax valve.

2007-05-18 09:25:32 · answer #5 · answered by Anonymous · 1 2

its sustaining it alright

thats why gas is about $3.30 a damn gallon!!

2007-05-18 09:02:25 · answer #6 · answered by The King 6 · 0 4

It actually is.

2007-05-18 09:07:30 · answer #7 · answered by Maus 7 · 2 1

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