{mosimage}Wars are never cheap. Wars are destructive, therefore cause damages to life, businesses and finances for everyone. The one who is involved in the war or the one who is a victim of war, all suffer losses.

America has always been to one war or another, however, Iraq war is the biggest war, in terms of technology used and losses incurred that America has faced. This has been having a negative impact on the American economy.

The fiscal deficit of American economy is increased over the years to almost $8 trillion, this is more than any fiscal deficit the country had to face. With forces and equipment being sent to Iraq it has eaten away into more in the economy of the country.

The cost of war alone is $163 billion in the year 2007. With the troops withdrawing from Iraq, it is expected that the cost of war will gradually reduce to negligible thus reducing the fiscal deficit that the country has been facing all through the years of war.

The national debt has soared from $541 billion in the year 2001 to eight trillion in 2007. It is expected to cross the mark of $9 trillion towards the end of this year. The national debt was projected to be 65.5% of the total GDP.

When there were studies about the losses suffered by USA because of the war, it is being understood that $1 trillion costs of war would have been able to fix the Social Security problems of the country for a long period of time.

The White House did not want United Nations inspectors to finish inspections in Iraq and then invade, now as days pass in war in Iraq it becomes increasingly clear that there were no weapons of mass destructions in Iraq. The public was generally misguided into believing that there were and Iraq was a danger to them.

These costs can be actually measured in dollars, however there are some losses which cannot be measured like the loss of lives of the military personnel in Iraq, and the losses to their families. There also have been losses incurred by those personnel who have been severely injured or damaged in these wars against Iraq.

Iraq too has faced a severe setback in means of development, Iraq which was trying to recover after its long Iran-Iraq war was not in a position to pay off debts it owed to the State of Kuwait, this led to war, after this war again the country was looking forward for development which was given a major set back by the invasion of United States forces.

Iraqi war has also given widespread discontent among the people of USA, most of them want the war to be stopped and their families returned home. This has also been acknowledged by the White House and that the withdrawal of troops will soon start to progress once the country regains its peace and law and order, which is completely missing from the Iraqi scene.