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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (468377)10/1/2003 11:27:12 AM
From: Neocon  Read Replies (1) of 769670
 
There is no sovereign authority to assume such a debt burden. We should not impose it unilaterally. This is a matter to be negotiated with the successor government. As far as I know, the oil revenues belong to the Iraqi people, whose needs surely exceed 20 million dollars. Of course, some contractors will get a cut, but the balance for the Iraqis. One of the purposes of the tax cuts was to stimulate investment, not just consumption. That is why the non- institutional investor class, most of whom are pretty wealthy, get a break. We shall have to see what accommodations might be worked out in the long run, of course. In any case, the costs are not being dumped on the middle class, and the assumption is that the debt burden will remain manageable within a context of accelerated GDP growth......
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