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» Will the Return of U.S. Troops from Iraq Help Improve the U.S. Economy?

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Iraq

Iraq

Close to 40,000 troops will return home by the end of year from Iraq at a cost savings of about $30 billion. That comes out to about to just under $1 million a soldier.

“What history has told us is that you don’t see a proportional decrease in spending based on the number of troops when you draw them down,” says Chris Hellman, a senior research analyst at the National Priorities Project.

That means most war expenditures lie not in the troops themselves but in the infrastructure that supports them — infrastructure that in some cases will remain in place long after troops are gone.

The return of our soldiers though will have positive and negative effects on the economy. Our military budget will be lowered which will help with our budget deficit at the same time as saving the lives of our soldiers.

There will be other economic effects; the US military will reduce spending so the companies that are dependent on military contracts will see smaller revenues which in turn will mean staff reductions and increased unemployment.

There is also the fact that most of the soldiers returning will be rotated out of the military and become part of the job markets, increasing unemployment and the competitiveness in a small employment market.

Regardless of the effects on the economy, saving lives, reducing injuries and leaving a war-zone will have positive effects on our society, which in turn will have a more positive effect on our economy.

The reduction in military spending, the reduction in military was and the reduction in long term health and medical care will have a good effect on our economy.

The US economy depends on the health and happiness of the citizens. When the people are happy, our economy blooms as consumer confidence increases. History shows that whenever America leaves a war or military action our country prospers.

The improvement in the economy may not be something we can calculate or measure, but it is there.  War is not good for a population or its economy.

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