Funding the War

Ulhas Joglekar uvj at vsnl.com
Mon Mar 3 09:01:51 PST 2003


Steven wrote:


> Can someone shed some light on how the administration is planning to pay
> for this Iraqi invasion? I understand that the Federal Employees Thrift
> Saving Plan trust has about $44 billion in assets, and I saw that Bush
> was looking to loot the ESF to pay Turkey off, but where is the rest of
> the doe-rey-me going to come from?
>
> ...are the boy on the hill going to approve the printing of more fiat?

I don't know how the direct costs of Iraq invasion are going to be funded, but it has been reported that "Secretary of State Colin Powell approached Japan during his recent trip to Asia about contributing to post-war reconstruction and told reporters that the response had been positive."

Ulhas



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