Thursday, October 14, 2004

Crematory Deal?

The Hero In History A Study in Limitation and Possibility by Sidney Hook copyright 1943 is a book I borrowed from a retired F.B.I. agent who was stationed in Albany, Georgia during the heat of the civil rights movement and is now dead. Should I give the book back?

TREASURY SECRETARY MANEUVERS TO AVOID DEFAULT ON NATIONAL DEBT Treasury Secretary John W. Snow notified Congress today that he will beginusing a series of accounting maneuvers to keep the $7.4 trillion statutorydebt limit from being breached. House and Senate Republican leadersdecided to put off a politically painful vote on raising the statutorylimit until after the Nov. 2 election. They will have to approve anincrease when they return for a lame-duck session Nov. 16 or risk agovernment default. "Given current projections, it is imperative that theCongress take action to increase the debt limit by November, at which timeall of our previously used prudent and legal actions to avoid breachingthe statutory debt limit will be exhausted," Snow wrote Majority LeaderBill Frist, R-Tenn. John M. Spratt Jr., D-S.C., ranking Democrat on theHouse Budget Committee said: "Today's announcement is the latest in badfiscal news resulting from Republican mismanagement of the budget."


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