When the terrorist attacks occurred on 9/11 it did more than just affect the comfort level of American citizens. It had an all around impact on how this country will be run for years to come. The one economic impact that I will concentrate on is that the attacks, arguably, but directly effected the U.S. GDP (Gross Domestic Product) and how the national budget will be handled from that day forward.
Since the attacks a number of civil defense programs have been initiated, which leads to more departments asking for an allowance within the national budget. This ultimately is leading to a larger and larger deficit that is quickly encompassing full percentage points of our GDP. There is a debate on how much defense spending is actually needed, because during the Clinton administration there were massive cuts to the defense budget, which lead to critics saying that our military force was in question. These same critics said that without the funds that had been cut-off by Clinton the military would spiral down to not being able to defend the homeland, let alone take on any offensive. The one argument I have is that President Bush was not in office long enough for his increased defense budget to take affect when he overthrew two regimes (Afghanistan & Iraq) with the same military force that was said to be completely ineffective because of lack of funds.
Regardless of what the "poor" military was able to accomplish President Bush has promised to make more funds available for national defense and to pay for the occupation
of those under U.S. control. Under this promise on November 24. 2003 the president signed an authorization bill to set aside 401.3 billion dollars for the Department of Defense. This p...
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...buy 295 F/A-22 Raptor fighter planes that are from the Cold War era
$74.0 for 30 Virginia-class submarines to add to what is already the best and most up to date submarine force in the world
$16.0 on 650 Comanche helicopters despite the Army eliminating their primary missions of transport and attack
$46.0 to buy 458 V-22 Osprey tilt-rotor helicopters that have continuing safety problems and has already caused the deaths of 23 Marines this year
I am not saying that civilians are losing by putting so much money into military purposes, because without their research spending there would not be some civil resources that are important to everyday life that were developed by the military. There are just many military expenditures that could be cut in order to free up more money for other usages so that the civil economy doesn't have to carry such a burden from it.
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