Rising cost of Iran war may impact taxpayers, inflation and jobs
Senior Reporter Covering Bakersfield
BAKERSFIELD, Calif. (KERO) — As the United States continues military operations against Iran, economists and lawmakers say the growing cost of the conflict could have ripple effects for taxpayers and the broader economy.
Economists estimate the war is costing about $1 billion per day.
Richard Gearhart, a professor of economics at California State University, Bakersfield, said the immediate financial impact is tied to federal spending and the nation’s growing debt.
“The immediate impact
Senior Reporter Covering Bakersfield
BAKERSFIELD, Calif. (KERO) — As the United States continues military operations against Iran, economists and lawmakers say the growing cost of the conflict could have ripple effects for taxpayers and the broader economy.
Economists estimate the war is costing about $1 billion per day.
Richard Gearhart, a professor of economics at California State University, Bakersfield, said the immediate financial impact is tied to federal spending and the nation’s growing debt.
“The immediate impact
1 month ago
