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Non-Tech : Money Supply & The Federal Reserve

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To: yard_man who wrote (985)	9/14/2003 9:45:56 AM
From: Rarebird	Read Replies (1) of 1379

<I work in the industry -- I don't make blanket statements about something I am completely ignorant about, rarebird.> In a report on the US/Canada blackout on CNN, America's highest engineering association had a spokesman come forward and lay down the blunt truth. The blunt truth is that America's infrastructure is coming apart at the seams. An analysis released on September 4 by the civil engineers warned about congested roadways, crumbling bridges and schools, and outdated drinking water systems. Then came the punch line: The US infrastructure needs $US 1.6 TRILLION invested in it - SOON - just to just bring it up to a useful state of repairs. That's $US 1.6 TRILLION or $US 1,600,000,000,000. What is President Bush asking Congress for? $US 87 Billion now and more later - to rebuild IRAQ! The US budget deficit has already passed the $US 500 Billion mark. The Treasury debt is an incomprehensible $US 6.8 TRILLION. The Bush Administration, the Treasury and the Federal Reserve seem completely unconcerned about it. asce.org evworld.com

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