Wednesday, June 25, 2014

US Lead War in Iraq Will Not "Stimulate" US Economy

As the US continues to slide economically with dire consequences for the Trinidad and Tobago economy, economist will postulate that escalating sectarian conflict in the Middle East which could trigger another US lead war will be economically beneficial for the US. 

The above however is false -as wars and military engagements drain limited economic resources that could otherwise have been utilized more productively. Ultimately wars only serve the economic interest of the politically connected military contractors and the military industrial complex at the expense of taxpayers.

Although in the short term higher oil / gas prices will increase T&T's revenues; after the dust settles the US will be deeper in debt and further compromised economically.

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