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Politics : Foreign Affairs Discussion Group

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To: Rascal who wrote (46678)9/24/2002 3:58:37 PM
From: Karen Lawrence  Read Replies (1) of 281500
 
From an article posted last week...re: L Lindsey's factoring...
By David Lazarus
San Francisco Chronicle Staff Writer
Friday, September 20, 2002

The looming war with Iraq finally has an official price tag. Lawrence Lindsey, President Bush's chief economic adviser, estimated this week that the conflict would cost U.S. taxpayers between $100 billion and $200 billion.

Yet there was Bush, in a speech to Iowa factory workers the other day, lecturing Congress on the perils of profligate spending. "If you overspend," he said, "it creates a fundamental weakness in the foundation of economic growth."

Peter Duignan, senior fellow emeritus at Stanford's Hoover Institution, can only shake his head at the growing contradiction between the president's words and his impending deeds.

"This man just doesn't understand the unforeseen consequences of acts," he said of a clash with Iraq. "No one has realistically costed this out. It hasn't been thought through."

sfgate.com.
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