"[Bush's] inarticulateness has become .. a national securitythreat for theUS"
Tue, 25 Mar 2003 20:28:07 -0800
> From: firstname.lastname@example.org [mailto:email@example.com] On Behalf Of
> On Mon, 24 Mar 2003, Gregory Alan Bolcer wrote:
> > Jeff, you missed the key part of the phrase.
> > "No lasting effect." That means that at the
> 2004 US deficit -- without the war -- is 307 G$. Wall Street say this
> has cost the market 1.3 T$ allready, and direct and followup costs
> run up to 1.9 T$.
1) I heard that in past Recessions the US deficit has usually hit 5% of
GNP. Counting the war it is likely to be less than 4%. France and
Germany are both bumping up against 3%, and it is only that good because
of the low military funding.
2) Paper losses, paper gains.