Updated: 5/16/2006; 3:38:47 PM.

Current events
Post-9-11 events and analyses


daily link  Tuesday, November 15, 2005


A 'fiscal hurricane' on the horizon: Outlines issues, profiles several budget crusaders.   "Without major spending cuts, tax increases or both, the national debt will grow more than $3 trillion through 2010, to $11.2 trillion nearly $38,000 for every man, woman and child. The interest alone would cost $561 billion in 2010, the same as the Pentagon. ..

cutting the deficit [has] backfired at the polls. The elder Bush lost re-election, the Democrats lost Congress, and Republicans' obstinacy helped Clinton win a second term. "The choices you have to make are almost exactly the opposite of what wins political elections," Panetta says."

  9:07:38 AM  permalink  

 
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Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 3:38:47 PM.