Showing posts from April 18, 2008

Economic costs of war

Business Times - 18 Apr 2008 Lost opportunities caused by Iraq war The rising war expenditure and its impact on the US economy is coming under scrutiny By LEON HADAR WASHINGTON CORRESPONDENT GROVER Norquist, who heads the Americans for Tax Reform organisation, is an influential Washington activist who promotes the agenda of fiscal conservatives. These folks believe that the US federal government should cut its spending and reduce the tax burden on the American people. Thus, he recently told the New York Times that he decided to jump aboard the team of presumptive Republican presidential candidate, Senator John McCain. Mr McCain 'won, and he's the tax cutter, so I am with him', he explained. But when the Times reporter noted that much of the increase in government spending by the Bush administration has been a result of the rising costs of the war in Iraq, Mr Norquist was quick to dismiss the notion that there was any direct link between the war in Iraq and the economic prob