STATE DEPARTMENT REPORT STILL UNRELIABLE

In 2003, the State Department issued a report which said “terrorist attacks and related deaths had dropped to the lowest levels in three decades, and top Bush administration officials immediately cited it as proof of their success in the global war on terrorism.” Five months ago, “embarrassed State Department officials acknowledged widespread mistakes in the government’s influential annual report.”

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Greenspan Warns Deficit Could Wreck Economy

The administration’s own Federal Reserve Chairman, Alan Greenspan, warned this week that “The persistence of bloated U.S. trade deficits over time can pose a risk to the U.S. economy.” So far, Greenspan said, foreigners have been willing to lend the U.S. money to finance the current account imbalances, but “at some point foreigners might suddenly lose interest in holding dollar-denominated investments.

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As Expected-More Troops Needed

This weekend, Iraq’s Independent Electoral Commission announced the nation would hold elections on January 30. There are serious obstacles still to be overcome to meet that objective. Flawed or delayed elections would be a significant blow to Iraq’s stability and threaten civil war.

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