Examines the connection between the growing U.S. budget deficit and the cost of prosecuting the war in Iraq.
Written in 2004; 858 words; 3 sources; APA; $ 30.95
Paper Summary:
This paper looks at the consequences of the 9/11 terrorist attack to the U.S. economy. The cost of the war with Iraq, increased security costs, insurance losses and indirect financial losses, such as retail and restaurant business losses, are cited as major contributing factors to the expanding U.S. budget deficit.
From the Paper:
"The immediate economic fall out as a result of the attacks on the United States on September 11, 2001, was dramatic. It is estimated that insurance losses may have exceeded $40 million. In addition, the indirect financial losses were dramatic: stores and restaurants closed across the country; other high risk targets, such as the Sears Tower, were closed, causing losses to all those business; airline travel was disrupted or changed for months, with many people choosing alternate modes of transportation. Occupancy rates at hotels, especially in high profile vacation areas such as Orlando, Florida, plummeted."
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