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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (3478)	7/30/2002 9:42:55 AM
From: stockman_scott	Respond to of 89467

<<...The Gov Needs a super spook to keep the pot on the boil...>> Tim: I couldn't agree more...It will be tough for Bush & Co. to Wag the Dog in Iraq and try to get the market to recover at the same time -- virtually impossible. I'm glad the Senate is starting hearings on Iraq...Lets see if Shrub's team can really make a strong case for spending tens of billions on a War with Iraq -- so far I HAVE NOT seen conclusive proof that Saddam has Weapons of Mass Destruction that will threaten the U.S. in the next few years. Do the costs of this potential War in The Middle East outweigh the benefits ?? -- I hope Bush and all the Neocons really run the numbers (and not Enron style numbers either <G>). Have a good day...I'm off to a meeting downtown and then I'm going to The Cubs game tonight with my friend Cindy. regards, -el Deepthroat

To: T L Comiskey who wrote (3478)	7/30/2002 9:52:08 AM
From: stockman_scott	Respond to of 89467

Message 17811499 and one final link... siliconinvestor.com

To: T L Comiskey who wrote (3478)	7/30/2002 11:00:44 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

I dont think BedLinen is dead, USForces failing widely /jw

To: T L Comiskey who wrote (3478)	7/30/2002 1:53:58 PM
From: stockman_scott	Respond to of 89467

Deficit Spending Some questionable numbers float Bush's predictions Detroit Free Press Editorial July 30, 2002 The big drop on Wall Street is getting plenty of attention, but the nation seems to have averted its eyes as the federal budget -- in which we're all investors -- goes under. Maybe it feels unpatriotic to question the return to deficit spending while the nation fights terrorism. That instinct would be on target if new investment in security spending were the only thing tipping the budget out of balance. But other factors play a far bigger role. And budget experts worry that the Bush administration has grossly overestimated revenues in predicting that surpluses will return in 2005. If the worriers are right, the country will be back in an era of deficits as far as the eye can see. Painting a rosy picture is to George W. Bush's political advantage. After economic factors, the biggest change in revenue results from his tax cut. Several pieces of it -- including some of the most expensive -- have yet to kick in, and could be suspended now before anyone starts counting on them. But Bush seems to rank preservation of his tax plan higher than any other budget priority. That includes trying to protect Social Security. No one has figured out a way to save for Baby Boomer retirements, but paying down the national debt with budget surpluses was a step in the right direction. Now every cent of this year's Social Security taxes will go for general government, the government must borrow, and the debt will start growing again. The Center on Budget Priorities calculates that interest costs on the debt will be an extra $1 trillion over the next 10 years. Boomers may deny that they're aging, but the government shouldn't. The first of them hits age 62 in a short 5 1/2 years. Against a backdrop of unknown defense needs, an unknown economy and known Social Security commitments, Bush insists his budget will stay afloat. That's what they said about the Titanic. freep.com