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


To: lurqer who wrote (16022)3/31/2003 9:50:39 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
remember, US War operations are not a budgeted item
take the $300 billion defense budget
now add $100B+ offbalance sheet
you know? the Enron accounting methods?
my guess is the war effort will cost up to 15x that
then comes the (OilField) Reconstruction
we call it Reconstruction, because that way we can sell to the world that we will rebuild the Iraqi Economy and Infrastructure
but we wont, and will fix the OilRigs first
if Congress has any money or will left, then maybe some buildings

we dont know it yet, but we are planting the same seeds for a worse Iraqi Govt now
at first, sure, a new US puppet
but then comes the patented "CIA blowback" which delivers a more radical and more despotic govt
see Iran for an example
I fully expect a representative govt in Iraq to eventually become a hotbed Islamic Fundamentalist enclave

Roach put out there in his latest a position that the US trade gap would reach 7% of GDP at a time when the US federal debt would reach 5% of GDP

I dont know if anyone is watching or listening or even benefiting from history
but these are numbers characteristic of a BANANA REPUBLIC whose currency and economy BOTH get whacked as fast as a Corleone stool pigeon

we used to export technology
in the last several years we have exported debt
now we export delusional stupidity
/ jim