The Cost of the War on Terror Cause and Effect Essay by Jay Writtings LLC

The Cost of the War on Terror
A discussion on how the war in Iraq is affecting the American economy.
# 117152 | 2,173 words | 9 sources | MLA | 2009 | US


$19.95 Buy and instantly download this paper now

Description:

The paper discusses how the United States' excessive spending is sinking the nation into more and more debt and weakening the dollar. The paper argues that the over-reliance of the US on its traditional credit and strength in the global economy has resulted in a potential over leveraging of U.S. debt, at the direct cost of domestic social issues such as education or healthcare. The paper further contends that the war in Iraq has created growing fiscal problems in all areas, which leads to recession in the economy, as well as higher prices on such staple items as gas.

From the Paper:

"The government is used to living in debt, and having the largest debt, because of the traditional strength of the US economy. Countries like to invest in the US because of the strength of our economy, which has always been symbolized by the strength of the dollar and international exchange rates. However, when that dollar drops, it makes the US a weaker investment, and lowers the dollar accordingly. What does this have to with the war in Iraq? The spending on the war in Iraq is running up debt that weakens our overall currency value for other countries, and raises prices for us the individual citizens. All tax increases on every item, or raised prices of any kind are a direct or indirect result of the war in Iraq today."

Sample of Sources Used:

  • Bennis, Phyllis and Leaver, Erik, IPS Task Force. "The Iraq Quagmire: The Mounting Costs of War and the Case for Bringing Home the Troops." A Study by the Institute for Policy Studies and Foreign Policy In Focus. August 31, 2005:http://www.ips-dc.org/iraq/quagmire/#us
  • Garten, Jeffrey. "Beware the Weak Dollar." Newsweek International Sept 10, 2007: http://www.newsweek.com/id/40830
  • Grier, Peter. "Rising Price of the War on Terror." Nov 21, 2006 http://www.csmonitor.com/2006/1121/p01s03-usmi.html
  • Harkness, Peter. "Strapped for cash.(economic forecasts)(Column)." CQ Weekly 65.33 (Sept 3, 2007): p2518(1).
  • "The mounting cost of the Iraq war." 2007: http://www.ips-dc.org/iraq/costsofwar.htm

Cite this Cause and Effect Essay:

APA Format

The Cost of the War on Terror (2009, November 17) Retrieved January 27, 2022, from https://www.academon.com/cause-and-effect-essay/the-cost-of-the-war-on-terror-117152/

MLA Format

"The Cost of the War on Terror" 17 November 2009. Web. 27 January. 2022. <https://www.academon.com/cause-and-effect-essay/the-cost-of-the-war-on-terror-117152/>

Comments