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Politics : View from the Center and Left

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To: Dale Baker who wrote (39704)	7/17/2007 1:53:30 PM
From: epicure	Read Replies (2) of 541274

Dale I have a queston for you- I'm not great on the economic side, so this bothers me: the Iraq war is "off budget" yet the money we are spending is mounting in to huge piles of dough- so how does this affect the budget deficit? If the deficit does not include the money we are actually spending on the war, which I have read it does not, doesn't that mean the budget deficit numbers are nothing more than a fairy tale? Further, the war spending is goosing certain industries. I think we all know that. How much spill over there is, and how many companies are affected, is something for sages to calculate, but I think all of us know that some of this "off budget" spending is often going to American companies, which in turn is goosing the economy. What happens when that stops? It seems to me we will have two economic problems at that point- a huge deficit we pretended didn't exist, and a sudden exit of capital injections that were keeping certain industries running harder than they would have without government cash.

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