Did the Iraq War benefit the U.S. economy?
The CBO estimated that of the $2.4 trillion long-term price tag for the Iraq war, about $1.9 trillion of that would be spent on Iraq, or $6,300 per US citizen.
Under these assumptions, oil price increases from 2003-2008 due to the Iraq war reduced total U.S. income GDP by a total of approximately $274 billion, a direct transfer of about $124 billion and a further GDP effect of $150 billion.
Halliburton gained $39.5 billion in "federal contracts related to the Iraq war". Many individuals have asserted that there were profit motives for the Bush-Cheney administration to invade Iraq in 2003. Dick Cheney served as Halliburton's CEO from 1995 until 2000
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