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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: dave rose who wrote (19019)9/15/2003 8:58:23 PM
From: sea_urchin  Read Replies (1) of 81234
 
Dave > That statement explains to me your approach and line of thinking. This is not to say it is bad, so do not take offense.

If I haven't taken offense at many other things which have been said to me, I will hardly take offense at that.

Here's an article you may find of interest particularly as I know you are an ardent Bush fan.

nytimes.com

>>>And then, within months, the glittering promises crumbled. The budget was upended by what economists now say were three independent forces gathering in power at once: a steep economic decline, a political consensus to slash taxes and the effects of the 2001 terrorist attacks. The surplus disappeared, replaced the next year with a budget deficit that has since grown to a record size. The $5.6 trillion surplus once predicted for the 10 years ending in 2011 is now a $2.3 trillion cumulative deficit under the best-case prediction issued by the Congressional Budget Office two weeks ago.

The $8 trillion difference between those numbers has little precedent in American history. The long-term budget forecast has declined as much in the last two years as the total revenue collected by the United States government from 1789 to 1983.

A Fall Worthy of Milton

"It really has been a Miltonian experience, from the heights to the depths," said Robert D. Reischauer, a former director of the Congressional Budget Office, invoking "Paradise Lost" as a metaphor for the budget's fall.<<<
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