WAR ON TERROR

Affect of War on Terror on US Economy



Affect of War on Terror on US Economy

Thesis

The war on terrorism or war on terror is a campaign of the United States supported by several members of NATO and other allies, with the stated aim of ending terrorism, international systematically eliminating known terrorist groups, so considered by the United Nations Organization (UNO), and those suspected of belonging to these groups, and putting an end to the alleged sponsorship of terrorism by states (Teslik, 2008). This international offensive launched by the Bush Administration after the terrorist attacks of 11 September 2001 in New York and Washington, DC , made by al-Qaeda , becoming a central part of the foreign and domestic policy of this administration. The war on terror has immensely affected the economy of U.S.

U.S economy had to pay a heavy price for war on terror. In 2001, the country has spent 367 billion on defense dollars, then in 2002 - already 422 billion on war in Iraq and Afghanistan and further drove that number higher and higher. By 2011 it reached almost $ 1 trillion.

Osama Bin Laden died without achieving their goal of stifling to bankrupt U.S. economy, but ten years after the attacks of September 11 the country still suffers the consequences of such attacks. Afghanistan, October 2001, after Iraq, March 2003, in the name of the war on terrorism, President George W. Bush launched the U.S. military, specifically two military operations would last a long time and multiply the Pentagon budget. In a few years, the Defense Department went from 16% of federal spending to 20% (Teslik, 2008) . Bush assigned costly missions that were extended by his successor, Barack Obama. The terrorist threat allowed the Pentagon to maintain security programs inherited from the Cold War ...