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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (218380)	2/14/2007 12:57:02 PM
From: Mary Cluney	Respond to of 281500

The Fed has the greatest impact both in terms of interest rates and money supply. The Senate of course approves the appointments. The President appoints the Budget Director. The Budget Director prepares the budget that the President signs off on. The budget is the instrument where the President decides where money is spent and how much we have to borrow to cover the deficit. After spending a few hundred billion here and a few hundred billion there on favorite projects, there is always the obligatory cuts to school lunch programs, welfare queens, and excessive elderly health care. We could always redefine ketchup as equivalent to one serving of vegetable to satisfy waste in school lunch programs,