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Cost Of War: Article Analysis

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Posting # 2 I found it an interesting article called Cost of War. According to this article, “the important impact of federal spending on the Iraq and Afghanistan wars has been to raise the nation’s indebtedness.” Moreover, the increased military spending following September 11 was financed almost entirely by borrowing. Rising deficits have resulted in higher debt, a higher debt-to-GDP ratio, and higher interest rates. Moreover, this article claims, “A good indicator of the sustainability of government spending is the ratio of federal debt held by the public to national income, or gross domestic product (GDP). This ratio increased by almost 37 percentage points between 2001 and 2011.” Finally this article make a comparison between the war

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