Veteran Blames Recession On War Spending
Veteran Blames Recession On War Spending Save Email Print
Posted: 10:39 PM Apr 24, 2008
Last Updated: 1:41 AM Apr 25, 2008
Reporter: David Nancarrow
Email Address: dnancarrow@kktv11news.com

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Billions in American dollars have already been spent in the ongoing conflict in Iraq and Afghanistan. The head of a Colorado veteran's group reports a recent study shows funding current operations is the direct cause for the nation's economic downturn.

The veteran's report includes a survey of approximately 600 Colorado voters who think the war is crippling the economy.

Signs of protest came out in Colorado Springs Thursday. Concerns came to light.

"We have crumbling infrastructure. Health care needs aren't being met,” said Rick Duncan, a veteran and veteran's advocate.

Duncan is talked dollars to a small group of supporters, focusing on who gets what.

"This is about tradeoffs. You can spend it in Iraq, or have health care here," Duncan said.

The unbalanced, defense-to-home-grown-needs trade-off, according to the five page Colorado Veteran's Alliance report, boils down to recession.

"There has to be some effect in there, but to say that's the reason, we have no ability to identify that at this point in time," said UCCS economics professor Fred Crowley.

Crowley agrees the country is in recession, but believes the slowdown could have several causes. Increased demand for oil worldwide driving up gas prices and an impasse between those who lend money to those who will spend it.

"We want to blame someone. The current one is blamed on the capital markets and probably belongs there," Crowley said.

Crowley said Colorado Springs is an example of a community getting some benefit from dollars spent on over seas military operations, citing local jobs created at Peterson Air Force Base to support unmanned aircraft missions.

Duncan said economic relief is more about spending tax dollars for programs at home and rallying voices to make it happen.

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Posted by: Irritated Location: Colorado Springs on Apr 29, 2008 at 10:48 AM
This needs to end NOW! We are paying billions of dollars out of our pocket that we could be educating our children or helping OUR poverty!!

Posted by: Cynical on Apr 28, 2008 at 11:49 AM
Chad, the number of soldiers lost thus far exceeds 4000, not 2000. Overall, I would have to agree with Bill Thomas.

Posted by: Robert Location: C/S on Apr 28, 2008 at 05:16 AM
Jo tohn, and he who lives in glass houses shouldn't throw stones either.

Posted by: Jason Location: C/S on Apr 27, 2008 at 06:34 PM
Jo tohn seems you need to heed your Mom's advice.

Posted by: Jo tohn on Apr 27, 2008 at 01:56 PM
Vern My mother always said it is far better to keep your mouth shut and have others think you are a fool rather than open it and prove it.

Posted by: Vern Location: C/S on Apr 25, 2008 at 05:49 PM
Some of you in here have some serious issues. It's a DEMONcRATic controlled congress. THAT should say it all.

Posted by: Bill Thomas Location: Colorado Springs on Apr 25, 2008 at 02:05 PM
No, Chad, if only we had not fought in WWII, Hitler would have won and we wouldn't have to deal with the new neo-cons of the 3rd Reich, they'd already be here. You think Montgomery should "stop complaining" because his tax dollars are being wasted by corporate fraud? You think the good guys are at the top? You think this war is the same as all the others? You think war is a profitable venture? Well, sir, keep sipping the kool-aid and keep it away from my cup!

Posted by: Chad Location: Security, CO on Apr 25, 2008 at 09:34 AM
Being a Veteran myself I can say that this arguement is easily negated with just a quick look in the history of war and money. War helped pull our country out of recession on more than one occasion. Our recession is being caused by many different issues. Oil prices and other large players in our economy are driven by estimations of future costs. We saw this when the first little oil spike shot over the $100pb mark. One rougue trader caused havoc for the entire market. This war is a just war and it is time you look at more than the major news for your opinion. Take a look at the news people that are there every day and talking to the Iraqis and Afghans. They see the good. We have lost some soldiers and I hate that. But quit complaining about the loss. It is disrespectful to those that paid the price. We have lost approx 2000 soldiers. Compare that to another war we weren't supposed to be in (WWII) and the millions that died the first day. They paid the price.

Posted by: JC Montgomery Location: Colorado Springs on Apr 25, 2008 at 08:58 AM
Well of course! Keep voting for war mongers and we'll all be eating out of tin cans and trash bags. Where are the Americans screaming out for out tax dollars to improve our country? Our money is lining the pockets of corporate greed. Halliburton feeds 5,000 troops and bills tax payers for feeding 40,000. Are you all okay with this?

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