Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (20446)	8/3/2001 12:38:35 AM
From: Dayuhan	Read Replies (1) \| Respond to of 82486

I also think that across-the-board cuts are possible (I might feel otherwise if any of the spending was coming my way); I also think they they needn't necessarily involve reductions in services. I suspect that there is a lot of fat in many of these budget lines, and that a lot of "welfare money" is being paid, in various guises, to individuals and corporations that are not poor at all. In the foreign aid budget, for example, large amounts are paid to consultants, inevitably part of the old boy network; the amounts paid are often wildly out of proportion to the work done. I suspect that similar arrangements prevail in other fields. Defense procurement is certainly a field that could use some serious attention.