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


To: Sully- who wrote (15792)3/28/2003 9:43:05 AM
From: Jim Willie CB  Respond to of 89467
 
nice curious symptomatic quote on CNBC this morning:

"given that we pay our bills with printed money anyway, why not continue the war, and continue with all the tax cuts??? it is all printed money anyway"

this is the essence of why our longterm interest rates will rise
this is the essence of why our economy will slide into a nasty recession

so few seem to remember that the USEconomy suffered a recession as a result of the Gulf War I
now our costs are 100% borne by USGovt
and this campaign will rage for 5-20x longer

again, the vote on this war that matters is with the USDollar
it is an accurate meter of the deceptive expectations promulgated

/ jim