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...even have the resources to maintain our troop strength in Iraq at its current level for very long. Second, we don't have the money to fund any of Bush's domestic plans--certainly not the privatization of Social Security, which has an up-front cost of $1 trillion. Third, Democrats are furious at the bilious tone of the Bush campaign and in no mood to cooperate on anything. The hyperpartisanship will continue to be fed by an increasingly divided and overheated media. Finally, Bush is sitting on a volcano in his own party. The vaunted discipline of the Republicans...
...offered them UPS's throat," he says. UPS already dominates small-package ground delivery in the U.S., handling 13.7 million packages daily and moving items worth 6% of the U.S. GDP every 24 hours. By leveraging its operational efficiency, UPS is attacking what Eskew estimates might become a $3 trillion market--not only taking on smaller, European-based logistics firms like Exel and TNT but also fending off competitive pressure from Belgium-based DHL, which is making an aggressive push into the U.S. Over the past few years, UPS has spent more than $1 billion acquiring 25 companies (from...
...BUSH: He maintains that his broad-ranging package of individual and corporate tax cuts has been crucial to stimulating the economy and pulling it out of the 2001 recession. Bush has already passed $1.77 trillion in tax cuts, many of them legislated as temporary measures. Now he wants to make the reforms permanent. They include the new 10% tax bracket, the reduction in the so-called marriage penalty, an increase in child tax credits to $1,000, tax credits for corporate research and development, and a measure that allows small businesses to expense capital equipment...
KERRY'S SPENDING "He's proposed $2.2 trillion of new spending...
Kerry acknowledges $1.2 trillion in new spending. The Bush campaign points to a study by a conservative think tank, which concludes that Kerry's plan would add as much as $2.5 trillion to the deficit. But Bush's wish list is pricey too: at least $1.5 trillion to create private Social Security accounts and $1 trillion to make all his tax cuts permanent, according to estimates by the nonpartisan Congressional Budget Office and other analysts...