preaching to the choir

[joanna bujes]

At 04:17 PM 06/24/2002 -0400, Paula cross posted:
>Medium-term fiscal projections by the US government "could be optimistic,"
>the IMF also said, noting that the Bush administration's budget proposal
>would squeeze spending in non-defence areas "to an extent that could be
>difficult to sustain, especially given the apparent weakening of fiscal
>discipline in recent years."

Oh, I don't know. Why fight the coming neo-feudalism? Pakistan spends 70% 
of the money left over after debt financing ....on its armed forces. Of 
course, there's nothing left over for education (except Saudi financed 
madrassas) or health care, but hey, if you have men with guns do you really 
need those?

Sorry, I don't know whether to laugh or cry at this. Austerity for the 
"consuming engine" of the world is going to help the world economy? I doubt 
it. The IMF must be getting all mixed up: austerity is for the third world. 
After all, it worked so well there!

Joanna