The war’s price tag is already drawing scrutiny on Capitol Hill. A Reuters/Ipsos poll conducted over the weekend found that only one in four Americans say they support the U.S. strikes on Iran — including just one in four Republicans who believe Trump has been too willing to use military force. With public opinion divided and fiscal conservatives increasingly focused on the federal deficit, the economic estimates from Penn Wharton are likely to fuel an intensifying political debate over who ultimately bears the cost of a conflict with no clear end date in sight.
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I’ve been working in the housing market for over 30 years and currently lead The Amherst Group, a private real estate investment firm. Since the Great Financial Crisis, I’ve worked to provide affordability in this notoriously stretched space, with tightening credit standards shutting many would-be homeowners out of the market. This isn’t just about business or statistics to me; I know this from my personal story. My family chose to rent because it gave us access to better jobs, better schools, and a better life. I attribute my success to this decision—and I don’t want the door to be closed on the thousands of renters we serve and the millions of single-family renters across America.