Blogs

War in Iraq is not good for the American economy

Just in case you forgot:

But $500 billion later, experts worry about the impact on the world's biggest economy, already facing a crippling housing crisis.

"The short-term economic consequences of the war have been manageable and modest. But the long-term consequences will be substantial," said Mark Zandi, chief economist of Moody's Economy.com.

Much of the problem, economists say, is that every month of combat adds more than $10 billion to a U.S. debt that now tops $9 trillion.

Join the Debate

Start your own blog, comment on topics, and let your voice be heard. Start your free account now!

User login

login

Most Viewed

Most Discussed

Most Emailed

Ads by Google