Wednesday, August 06, 2003

Hollings on the deficit (Bartcop pick):


"The President said two weeks ago on page one of his budget report that we have a $455 billion deficit
  at the end of next month; that's when the end of the fiscal year terminates. The truth of the matter is,
  you turn to page 57 of the report and you'll see it's $698 billion. And he admits to a $700 billion deficit,
  so you can see why the market goes down. Everyone sees who invests that there's no reason to invest
  because the interest rates are going up and you can't carry your investments."
    -- Fritz Hollings, telling the truth about America's worst serial killer

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