Is War With Iraq Necessary?Essay Preview: Is War With Iraq Necessary?Report this essayThe debate whether America should have a war to Iraq lasted for about 2 years. As far as I am concerned, however, I agree that America should not have a war to Iraq.
The first argument that can be presented to develop my position is that the immediate war to Iraq costs for the U.S. will come to about 200 billion, giving the American people heavy economical burden. A good example may be found in many documents and statistics. So far, Congress appropriated approximately&56 billion in April 2003;another &72 billion in November 2003. The total amounts to 2004 is over &150 billion, but will be higher as the bush administration requestz further spending later this year ( National priorities project 3-5 ).As everybody know, the attack on Iraq was not justified under the United Nations (UN), most countries in the world will not spend much money for the war. As a result of it , America people have to pay them. Under such a circumstance, the war affects everyone, not just those directly involved in the fighting. One of the more quantifiable effects of the war is that the financial burden it places on our tax dollars.Tax will be raised inevitably, damaging the developments of other aspects such as business, education and health care.
There is another reason for me to choose this statement. I raq affects the economy of America sirously, making ameica have unbelievable high deficit, and making the exchange rate of USA dollars to other currency drops unhistorically. let us consider the American buget status in recent years. Whats happened is that between 1997 and 1998, the US achieved a balanced budget after almost two and a half decades of deficits. The White House estimates the budget deficit for 2003 will be $307 billion, and drop to $304 billion in 2004.Furthermore, the exchage rate for US dollars is weakening continuesly and the Euro is strengthening greatly because of american so massive current account and budget
The first rule in the equation is: Inflation. The money multiplier of an exchange rate of US dollars would be 1.06 times inflation. The result is that by comparison, the exchange rate in the country has risen by $7.3$ in real terms. The exchange rate increased $16.9 in 2007 and the U.S GDP was $33.2 trillion in 2007. The rate of growth of the exchange rate of Dollars has increased the dollar by 0.7% annually since 2004 in this country. Therefore, if the exchange rate of $500 could rise by 3% annually, over 300 billion dollars will be produced in 2009, and the value of this currency would decline to about 100 billion dollars by 2009, not including the $3.4 billion that could become production in 2009, not including the $4.4 billion that could become production in 10 years or the amount that could be produced in ten years. The rate of growth of the exchange rate of a dollar has fallen to 1.1% annually since 2002, and is now at 1.4% annually and then 1.0% in 1999 and 2003 for the year, now the country is a net importer of American gold, and the dollar depreciates so sharply that its value of the dollar is lower by some 10%. The government spends the lion’s share of revenues through taxes to raise money for Medicare, Medicaid, and Social Security. The U.S. also provides more and more food subsidies to the middle class, providing subsidies based on income. The value of the dollar does not depreciate much in a recession, but when the U.S. is facing severe economic distress, the dollar is a less useful currency in their favor – as will being in need of money since the recession. The exchange rate of the dollar is rising as I just pointed out. The amount of US real GDP is actually changing in almost 4 years. In 2007, the US was $15 billion below its per capita GDP which is the lowest since 1979. This means that by January 21, 2009, the US was $6.2 trillion above its total real GDP in real terms, and growing at an annual rate of 4.7 per cent per year. Moreover, by 2009, the US had the highest annual real GDP growth as measured by the IMF in real terms, over 2 per cent, and also by the International Monetary Fund (IMF)’s monthly GDP in real terms. These data are from International Monetary Fund (IMF) (2007b), which is part of an international study on economic issues. That’s a pretty good graph for measuring real and nominal GDP growth and the US is also more stable in real terms from 2006. The GDP of the US
Since the end of the last decade, the world dollar has also become extremely volatile. Since 2008 US dollars have fallen to its lowest level. The United States economy has been affected by the decline in currency and a weakening of euro’s. In 2008 the European Central Bank, in consultation with all the experts, put forward the first European sovereign credit contract to all Euro and NATO member countries in the period ending February 29, 2009. The goal is to protect against future crises, and also take steps to stabilize their currency so that they can meet our fiscal and monetary obligations
As you might expect, the US government has made efforts in other countries to solve the euro crisis with the help of international banks and they helped us avoid a second crisis in a row, but as one of the world’s most powerful countries now, they did not consider the European and European Central Bank debt crisis. If America can help create a more just, responsible and responsible international monetary union, then the European Union, the IMF and a large number of others like it will continue to do a great service to this country and its economy and in the future help us to fulfill our collective obligations. ,
The US is now in the midst of a financial crisis. The financial meltdown led to the bankruptcy of over 35% of the nation’s bank deposits in 2008. The country’s credit crunch was a major factor in the country’s bankruptcy. Over the last 10 years, the US stock index has been growing exponentially. According to a report published by the World Bank this fall, only 4% of the population is a citizen, and even with this increase in the number of citizens, the country continues to languish under high debt. The average age of a German citizen has increased by 20 years, and the median age of an Englishman has only increased by 12 years. The unemployment rate for Germany has increased by 9% since 2008. The majority of Americans are in the top fifth of the middle class. The median age of Americans in the U.S. rose by 14 years, while the median age of Americans is more than double the median age for Europeans. Since 1995, the national debt has risen by more than $8 trillion and was the second largest inflation-adjusted interest expense in the history of the world, behind only the US. On $20 trillion, the average family will now have more disposable income than if they had only 5% household income. The country has a long history of debt. The country in 2005 faced a world debt that would pay to last. Over 30 years of the boom in the economy, which has seen millions of people lose their homes, pensions, and wages, only $20 trillion has been paid today. This has caused the country to collapse
Since the end of the last decade, the world dollar has also become extremely volatile. Since 2008 US dollars have fallen to its lowest level. The United States economy has been affected by the decline in currency and a weakening of euro’s. In 2008 the European Central Bank, in consultation with all the experts, put forward the first European sovereign credit contract to all Euro and NATO member countries in the period ending February 29, 2009. The goal is to protect against future crises, and also take steps to stabilize their currency so that they can meet our fiscal and monetary obligations
As you might expect, the US government has made efforts in other countries to solve the euro crisis with the help of international banks and they helped us avoid a second crisis in a row, but as one of the world’s most powerful countries now, they did not consider the European and European Central Bank debt crisis. If America can help create a more just, responsible and responsible international monetary union, then the European Union, the IMF and a large number of others like it will continue to do a great service to this country and its economy and in the future help us to fulfill our collective obligations. ,
The US is now in the midst of a financial crisis. The financial meltdown led to the bankruptcy of over 35% of the nation’s bank deposits in 2008. The country’s credit crunch was a major factor in the country’s bankruptcy. Over the last 10 years, the US stock index has been growing exponentially. According to a report published by the World Bank this fall, only 4% of the population is a citizen, and even with this increase in the number of citizens, the country continues to languish under high debt. The average age of a German citizen has increased by 20 years, and the median age of an Englishman has only increased by 12 years. The unemployment rate for Germany has increased by 9% since 2008. The majority of Americans are in the top fifth of the middle class. The median age of Americans in the U.S. rose by 14 years, while the median age of Americans is more than double the median age for Europeans. Since 1995, the national debt has risen by more than $8 trillion and was the second largest inflation-adjusted interest expense in the history of the world, behind only the US. On $20 trillion, the average family will now have more disposable income than if they had only 5% household income. The country has a long history of debt. The country in 2005 faced a world debt that would pay to last. Over 30 years of the boom in the economy, which has seen millions of people lose their homes, pensions, and wages, only $20 trillion has been paid today. This has caused the country to collapse
Since the end of the last decade, the world dollar has also become extremely volatile. Since 2008 US dollars have fallen to its lowest level. The United States economy has been affected by the decline in currency and a weakening of euro’s. In 2008 the European Central Bank, in consultation with all the experts, put forward the first European sovereign credit contract to all Euro and NATO member countries in the period ending February 29, 2009. The goal is to protect against future crises, and also take steps to stabilize their currency so that they can meet our fiscal and monetary obligations
As you might expect, the US government has made efforts in other countries to solve the euro crisis with the help of international banks and they helped us avoid a second crisis in a row, but as one of the world’s most powerful countries now, they did not consider the European and European Central Bank debt crisis. If America can help create a more just, responsible and responsible international monetary union, then the European Union, the IMF and a large number of others like it will continue to do a great service to this country and its economy and in the future help us to fulfill our collective obligations. ,
The US is now in the midst of a financial crisis. The financial meltdown led to the bankruptcy of over 35% of the nation’s bank deposits in 2008. The country’s credit crunch was a major factor in the country’s bankruptcy. Over the last 10 years, the US stock index has been growing exponentially. According to a report published by the World Bank this fall, only 4% of the population is a citizen, and even with this increase in the number of citizens, the country continues to languish under high debt. The average age of a German citizen has increased by 20 years, and the median age of an Englishman has only increased by 12 years. The unemployment rate for Germany has increased by 9% since 2008. The majority of Americans are in the top fifth of the middle class. The median age of Americans in the U.S. rose by 14 years, while the median age of Americans is more than double the median age for Europeans. Since 1995, the national debt has risen by more than $8 trillion and was the second largest inflation-adjusted interest expense in the history of the world, behind only the US. On $20 trillion, the average family will now have more disposable income than if they had only 5% household income. The country has a long history of debt. The country in 2005 faced a world debt that would pay to last. Over 30 years of the boom in the economy, which has seen millions of people lose their homes, pensions, and wages, only $20 trillion has been paid today. This has caused the country to collapse