“Regime Change” in America

The attack upon Iraq indeed could be used as an excuse to improve the larger military budget. But it will be expensive for the fragile American economy. The military industry’s will increase the state’s budget deficit. Within a year of his supremacy, Bush has turned the budget surplus of US$405 billion into a budget deficit of US$157 billion. Moreover, according to Stiglitz, the last gulf war resulted in the American recession in 1991, which caused the senior Bush to lose his re-election bid.