Thu, 29 May 2003
The ongoing crisis
According to the Financial
Times, the Bush administration has deliberately
buried
a Treasury report "that shows the US currently faces a
future of chronic federal budget deficits totalling at least
$44,200bn in current US dollars. ...
The study, the most comprehensive assessment of how the US
government is at risk of being overwhelmed by the "baby boom"
generation's future healthcare and retirement costs, was
commissioned by then-Treasury secretary Paul O'Neill.
But the Bush administration chose to keep the findings out of
the annual budget report for fiscal year 2004, published in
February, as the White House campaigned for a tax-cut
package."
Can someone explain to me a reason why the current Republican
administration in the US want to run up a budget deficit that even the US
economy can't pay off? One which doesn't boil down to "an ongoing state
of emergency makes it easier to justify drastic measures to maintain
order at home"?
As an aside, the argument that
the
invasion of Iraq was really about keeping the Euro out of the
Dollar's oil business seems more and more plausible every
day. Back in the 1970's not-so-good SF was anticipating wars
fought over the last oil reserves in the 1980's and 1990's.
I'm beginning to wonder if maybe those predictions aren't
starting to come true.
[ Discuss death camps ]
posted at: 17:06 | path: /wartime | permanent link to this entry
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