The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, SAN DIEGO UNION-TRIBUNE
Sunday, September 11, 2011
Kelly Cunningham, National University System
Answer: Yes
Responding to the 9/11 attacks led to private sector investment being redirected for increased government spending. Paying for the wars and related increases of defense and homeland security have been quite economically costly. Wholly financed by borrowing further crowded out private sector spending, while the Fed’s decisive actions to cut interest rates after the attacks and maintain them for extended periods also contributed to the housing asset bubble and eventual financial meltdown. While the wars did not cause the financial crisis, they were undoubtedly contributing factors in creating the conditions for the current substantial U.S. debt problems.
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