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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (99017)	5/29/2003 3:10:10 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Yz, It is getting rough. I understand that ManyNoPlace defaulted on The Target Center. That's just a revenue bond, so it doesn't impact on the city, itself, but it isn't a good sign.

To: RealMuLan who wrote (99017)	5/30/2003 12:57:06 AM
From: shadowman	Respond to of 132070

The Bush administration has shelved a report commissioned by the Treasury that shows the US currently faces a future of chronic federal budget deficits totalling at least $44,200bn in current US dollars. Note: Ari Fleischer denied allegations leveled by Laurence Kotlikoff news.ft.com An economic 'menu of pain' By Laurence J. Kotlikoff and Jeffrey Sachs, 5/19/2003 OUR GOVERNMENT is going broke. The feds face bills that are far beyond our capacity to pay -- by $44 trillion to be precise. The longer we ignore them, the bigger they get. Yet President Bush is working overtime to deepen our fiscal trap. This $44 trillion figure is not ours. Nor is it some other academics' calculation. It was produced last fall by economists and budget analysts at the US Treasury, the Federal Reserve, the Office of Management and Budget, and the Congressional Budget Office. The study was ordered by then Treasury Secretary Paul O'Neil and was slated to appear in the president's budget, released in February. boston.com Audio of Laurence J. Kotlikoff on Boston NPR. here-now.org