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Non-Tech : The ENRON Scandal

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To: Mephisto who wrote (4493)	9/23/2002 9:10:11 AM
From: Mephisto	Read Replies (1) of 5185

Iraq and the Economy Washington Post Editorial Friday, September 20, 2002; Page A28 washingtonpost.com The following is an excerpt: " The administration has therefore been right to play down the economic side of the Iraq decision. But it has failed to face up to the economic consequences of its longer-term struggle against terrorism. The burden of a bigger defense budget, an ambitious homeland security agenda and expanded commitments in areas such as intelligence and foreign aid imposes a clear strain on the budget; unlike the one-time cost of fighting an Iraq war, it represents new expenses that stretch out indefinitely. The administration ought to accept that this burden requires rethinking its promised but not yet implemented tax cuts. Instead it pretends that the nation can afford to fight terrorism and cut taxes at the same time; it is even proposing a new wave of cuts on top of the huge package it secured from Congress last year." washingtonpost.com

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