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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (56421)	3/21/2006 7:35:01 PM
From: SeaViewer	Respond to of 110194

The ass-kisser gets promoted, and the truth-teller gets casted. That's my experience with government.

To: regli who wrote (56421)	3/21/2006 10:29:28 PM
From: NOW	Read Replies (1) \| Respond to of 110194

That's because they've completely given up on decent, normal accounting at the Pentagon. Joseph Stiglitz, the Nobel Prize winning economist, and a colleague at Harvard have put together a real Pentagon budget which, for the wars we're fighting right now, comes out to about $2 trillion. What they've added in are things like interest on the national debt that was used to buy arms in the past. Turns out to be quite a few billion dollars. Above all, they try to get a halfway honest figure for veterans' benefits. For this year, it's officially $68 billion, which is almost surely way too low given, if nothing more, the huge number of veterans who applied for and received benefits after our first Gulf War. tomdispatch.com