Sunday, September 08, 2002


"Whether or not the attacks were the triggering event for a recession, analysts agree they will mean a continuing and costly bid to build up the nation's defenses against similar events -- something other nations like Britain have learned to deal with in the face of groups that sponsor terrorism.

'The long-term effect is going to be that we will be spending a lot more on security, which is spending that we don't measure very well and that means that our productivity rates may not be as good as they have been,'' said economist Doug Lee of Economics from Washington.

Already, Lee noted, the Bush administration is proposing a new homeland security department and boosting spending on airport security and on immigration controls. The Congressional Budget Office is forecasting that 80 percent of budget surpluses once forecast at $1.7 trillion for the decade from 2002 to 2011 will melt away. "
New York Times, 8 September 2002

Who profits as the "budget surplus" money gets spent on homeland security (and the war we seem to be sleepwalking towards), Doug?



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