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

To: 4rthofjuly007 who wrote (16204)	4/2/2003 3:36:10 PM
From: Jim Willie CB	Respond to of 89467

the big risks are much more with financial markets the cost of the war pushes the federal budget deficit to the critical zone whereby we are fast nearing the WALL we dont seem to realize it but we are a BANANA REPUBLIC fighting a hightech highcost war our deficits will soon reach a level which results in rising longterm interest rates the day is coming we have forestalled it for a long time but now, we are talking about monstrous deficits truly monstrous whatever figure you hear from official sources, multiply it by 2-3x the big risk in my book is we suffer a slide into painful recession as a result of two things 1. reduced consumer spending stalling the economy 2. heightened federal deficits from heavy financing reqmts WHAT IF WE OFFERED A WAR... AND NO FOREIGN NATIONS OF IMPORTANCE SUPPORTED IT BUT WE WENT BROKE IN THE PROCESS ??? this is what I foresee / jim