On the question of the continuing deficits and the projections, I recall the Chairman of the President's Council of Economic Advisers suggesting a war in Iraq might cost us $100 billion and then it being kind of open ended as to what it would cost us to continue to occupy that nation and keep it under control for some period of time. When we project out the deficits which you said you can see on the horizon, based on the President's tax cut and the current state of the economy, does it anticipate that kind of emergency situation where we would be involved in a war in Iraq or we would be involved in a long-term occupation?
Editor's note · Context
Discussing the economic implications of potential military action in Iraq.
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