ian
> -----Original Message-----
> From: owner-lbo-talk at lists.panix.com
> [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Max Sawicky
> Sent: Thursday, July 22, 1999 9:04 AM
> To: lbo-talk at lists.panix.com
> Subject: RE: Repub defense budget cutters
>
>
> >Has there arisen a Republican sub-constituency for cutting the
> >defense budget? Some gathering of old fashioned fiscal conservatives and
> >neo-isolationists, perhaps? So far, I'm all for it.
>
> yes, there has. Some of them would rather cut taxes,
> others pay off public debt. Their steadfastness is
> not always of the utmost. Right now the tax cut/lockbox
> bill if passed (it won't) would put a severe strain
> on defense. To some extent, it supported because it
> won't pass, possibly reflecting some appetite for
> defense spending.
>
> Here's an unappealing choice for you. Suppose the
> market tanks and unemployment goes up to nine percent.
> Would you reject a defense bill that reduced UE by
> several million people, in favor of fiscal austerity?
> You can say there are better alternatives, and of
> course there are, but they are not always available.
>
> mbs
>