Defense spending in the United States increased at the fastest rate in the past 50 years during the three-month period following the start of the Iraq invasion. The Wall Street Journal reports this increase — the largest since the Korean War — was the main reason the nation’s gross domestic product jumped a robust 2.4 percent last quarter. The Pentagon is spending about $4 billion per month on the Iraq occupation not including the costs of reconstructing the country.
Defense Spending Increases at Fastest Rate in 50 Years
HeadlineAug 01, 2003