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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 92.00-0.1%Nov 12 3:59 PM EST

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To: Ms. Baby Boomer who wrote (9646)1/24/2002 1:50:02 AM
From: Thomas A Watson  Read Replies (1) of 14451
 
Maria, Interesting news... Bush Wants $48 Billion More for Defense
WASHINGTON - President Bush on Wednesday said he would ask Congress for a $48 billion increase in defense spending to cover pay raises and high-tech weapons. It would be the largest funding boost for the Department of Defense in 20 years.

"Next week I will go before Congress to lay out my priorities for the coming year. There will be no room for misunderstanding," Bush told members of the Reserve Officers Association. "The most basic commitment of our government will be the security of our country."

Bush gave the audience a glimpse of his fiscal year 2003 federal budget and an update on the war on terrorism.

"We will invest in more precision weapons, in missile defenses, in unmanned vehicles, in high-tech equipment for soldiers on the ground. The tools of modern warfare are effective. They are expensive," Bush said. "But in order to win this war against terror, they are essential."
......
newsmax.com

tom watson tosiwmee
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