N
Nastynotch
Guest
ByRandom said:That's almost as bad as the comment you made about profiling terrorists.... To claim that any and/or all of our Nation's debt is from the War is, quite frankly, naive.
During the second quarter of 2003, when the war in Iraq was in full swing, some 60 per cent of the 3.3 percent GDP growth rate was attributable to military spending. [source:http://skeptically.org/parwho/id7.html]
A smaller proportion of the roaring 8.2 per cent growth recorded for the third quarter was directly attributable to the military, but Professor Pollin and others argue that it is still the military that is driving the deficit, and the deficit - budgeted at about $500 billion (£270bn) for next year - that is driving the recovery. [same source]
So to say that we're in a downward spiral is far off base. We are actually recovering exponentially. The stock market is in full swing, the NASDAQ And DOW Jones are roaring up the charts, where as they were barely hanging in there after 9/11.
Come on guys, do a little research before posting. My source is a little dated, but if you were aware of what was going on in 2001-2002 (i.e. searching for a job) you would be able to easily see how much better we are doing now, than we were almost 4-5 years ago.
Wars are notorious for stimulating the economy. Period. Not that I support the war, which I have already said many times, I'm just sick of opinions being thrown around as fact.
[Good Discussion Thus Far Guys! :main_thumbsup:]
I'm going to say you aced government and economics