War benefits to US economy only ‘modest at best’

THE US is deploying more than 1,000 warplanes, hundreds of tanks and thousands of bombs to fight the war in Iraq.

War benefits to US economy only ‘modest at best’
Mon, 07 Apr, 2003 - 01:00

The Navy is ordering more Tomahawk cruise missiles. Military equipment is the only category of durable goods orders that is rising.

The benefit to the economy? Modest at best, economists say.

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CourtsPlace: USPlace: IraqPlace: St LouisPlace: HaitiPlace: SomaliaPlace: KosovoPlace: AfghanistanPerson: Murray WeidenbaumPerson: President Ronald ReaganPerson: WeidenbaumPerson: presidentPerson: George W BushPerson: Steven KosiakPerson: KosiakEvent: IraqEvent: Iraq warEvent: World War IIEvent: Korean WarEvent: Vietnam WarEvent: post-Event: Vietnam warsEvent: 1991 Persian Gulf WarOrganisation: USOrganisation: NavyOrganisation: Council of Economic AdvisersOrganisation: Weidenbaum CenterOrganisation: US HouseOrganisation: SenateOrganisation: IraqOrganisation: White HouseOrganisation: Center for Strategic and Budgetary AssessmentOrganisation: Commerce Department
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