Number: RL31176
Title: Financing Issues and Economic Effects of American Wars
Authors: Marc Labonte and Mindy Levit, Government and Finance Division 
Abstract: With military conflict in Iraq and Afghanistan, Congress has expressed an interest in how wars have been financed historically, and what effects the wars had on the economy. This report examines financing and economic issues in World War II, the Korean Conflict, the Vietnam Conflict, the Reagan Military Buildup, and the 1991 and 2003 wars in Iraq. It examines tax policy, non-military outlays, the budget balance, economic growth, inflation, and interest rates during these periods.
Pages: 18
Date: July 29, 2008