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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (166300)	7/31/2001 9:13:03 AM
From: DMaA	Read Replies (1) \| Respond to of 769670

Wow that would imply the entire surplus has disappeared. This is drastic. I recommend substantial and immediate spending cuts, government employee layoffs, and a real large immediate tax cut.

To: Kenneth E. Phillipps who wrote (166300)	7/31/2001 9:13:24 AM
From: puborectalis	Read Replies (1) \| Respond to of 769670

Tuesday July 31 7:28 AM ET Supercomputer May Unlock Secrets of Universe By Peter Griffiths LONDON (Reuters) - Britain will unveil a state-of-the-art supercomputer on Tuesday which scientists hope will unlock the secrets of the origins of the universe. The machine, the biggest supercomputer in British academia, cost $2 million and is one of the most powerful in Europe. It will tackle what is arguably the biggest question on earth: How was the universe created? The University of Durham in northeast England says its Cosmology Machine could store the contents of the British Library -- and still have spare memory. ``The new machine will allow us to recreate the entire evolution of the universe, from its hot Big Bang beginning to the present,'' said Professor Carlos Frenk of the university's physics department. ``It will confront one of the grandest challenges of science: the understanding of how our universe was created.'' Trade and Industry Secretary Patricia Hewitt will unveil the computer later on Tuesday. Despite huge advances in the last 40 years, cosmologists have a vast amount to learn about outer space. Many now back the Big Bang theory which claims that 15 billion years ago, the universe, then the size of a tennis ball, began violently expanding. But scientists are still arguing over the details. A University of Durham spokesman said the computer, which can make 10 billion calculations a second, may help solve these mysteries. ``The Cosmology Machine takes data from billions of observations about the behavior of stars, gases, galaxies and the mysterious dark matter throughout the universe and then calculates how galaxies and solar systems formed and evolved,'' he said. The supercomputer was made by Sun Microsystems (NasdaqNM:SUNW - news) and supplied by Esteem Systems and is run by the Institute for Computational Cosmology. It has a memory equivalent to 11,000 CD-ROMs. Its launch comes after scientists in California said on Monday that they had found evidence of bacteria from outer space on the edge of the Earth's atmosphere. The discovery appeared to support the controversial theory that life evolved in outer space and reached the Earth from comets.

To: Kenneth E. Phillipps who wrote (166300)	7/31/2001 1:59:48 PM
From: TimF	Read Replies (1) \| Respond to of 769670

"Instead of paying down $57 billion in debt, as the Treasury expected on April 30, the Treasury plans to borrow $51 billion." You make it sound like the tax rebate results in a change in the surplus to a deficit on a scale of $108bil. The math doesn't work out to support that contention. There aren't enough taxpayers getting $300 each to add up to $108bil. Tim Edit: There where just short of 123 million individual tax returns. Some of these returns are from people who are claimed as a dependent on other people's tax returns and thus are not eligible for this program. Other returns were from people that had so little income that there total tax liability was under $300 or had other reasons while they had less then $300 or even $0 dollars in there rebate. The total amount of money sent out could easily be less then $30bil and was definitly less then $108 bil. I could not find more detailed information about how much will be sent out on the IRS' web site. Tim

To: Kenneth E. Phillipps who wrote (166300)	7/31/2001 5:26:42 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 769670

RE:<<"The Treasury said yesterday that it will borrow the money needed for the tax rebates that are now going to U.S. Taxpayers as part of President bush's $1.35 billion tax cut." "Instead of paying down $57 billion in debt, as the Treasury expected on April 30, the Treasury plans to borrow $51 billion.">> I know the government is inefficient, but does it really cost them $108 billion for a $1.35 billion dollar tax cut? LOL