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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	1/24/2004 8:39:47 PM
From: Alighieri	Read Replies (1) of 1574591

Paul should have named the book "The puppet master" Al ======================================================= Cheney Rejects Book's Claims on Deficits Sat Jan 24, 8:50 AM ET DAVOS, Switzerland - Dick Cheney (news - web sites) said Saturday that "deficits do matter," rebuffing claims by former Treasury Secretary Paul O'Neill that the vice president told him they were not critical to U.S. economic stability. "Paul did not support the tax cuts that I favored and that the president ultimately approved," Cheney said at the World Economic Forum (news - web sites). "I do think deficits matter. They matter in the long run. You do have to worry about them," Cheney said. The vice president said the Bush administration believes the deficit, recently forecast to reach $500 billion this year, is manageable. "We think we've got it calibrated right and I wouldn't believe everything I read in Paul O'Neill's book. In the book, "The Price of Loyalty" by journalist Ron Suskind, O'Neill reveals what he says are the inner workings of the Bush White House. O'Neill, who was fired by Bush, depicts an administration where Cheney and the political team won most arguments on such matters as imposing steel tariffs to protect the domestic industry, rejecting a global warming treaty and deciding to go for a third round of tax cuts, despite the growing federal deficit.

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