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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (72585)	12/20/2007 1:15:14 AM
From: elmatador	Read Replies (1) \| Respond to of 116555

$70 billion in war spending approved. War costing about $2 billion a week. The Bush administration has requested about $200 billion in war spending for 2008. The House had approved about $50 billion of that in November, but with demands that the president begin withdrawing troops from Iraq within 30 days. The White House called that unacceptable, and Pentagon officials warned they would have to shutter U.S. bases and begin laying off as many as 200,000 civilian employees and contractors by March without the funds. Huge job scheme disguised as defense. Forget Sub prime. It is the defense establishment that is killing the US economy.