European Stars and Stripes (Newspaper) - September 9, 1990, Darmstadt, Hesse A amp a Hole deeper than persian Gulf Charles Osgood Tribune Media service the savings and loan bailout and the iraqi invasion of Kuwait done to have anything to do with each other. But both Are costly and the size of one helps us understand the dimensions of the other. Americans Are angry at Saddam Hussein and Well they might be. The iraqi invasion of Kuwait is costing us a lot. Not Only Are our Gas and Oil More expensive now but the american taxpayer has to foot the Bill for All those troops planes guns and men being sent to that Region. When there a a fire you done to Stop to Haggle Over the Cost. You Send whatever manpower and equipment is necessary to put the fire out. Most americans feel that Way there will be time enough later to sort out the finances. According to expert analysts at the Brookings Institute and elsewhere however the persian Gulf military operations Are costing us at least $ 10 million a Day. Some say that a too Low an estimate. Even at the 50,000-Man level they say the monthly costs could run As High As $440 million per month. If the american forces grow to 250,000, a figure that a been mentioned at the Pentagon the Cost would be More like $1.7 billion a month they say. If that went on for a year it would be Only $20 billion. I say a a Only because expensive As it is it is Chicken feed compared with what the savings and loan fiasco is costing americans. The Best current estimate is that the a amp a bailout is costing the american taxpayer $ 160 billion plus twice that amount in interest. Twice 160 is 320. Three Hundred Twenty plus 160 is 480 billion $480 billion is roughly 24 times As much Money As we Are spending in the persian Gulf. That show much its costing to a make whole some 6 million savings accounts take Over 472 bankrupt institutions and close or sell 211 of those. In addition there Are 500 or so others amp is that Are so shaky they will most Likely have to be taken Over. So far there have been 231 convictions of a amp a people. The $56 million in restitution they be been ordered to pay is a drop in the bucket compared with what was stolen or frittered away. This unprecedented scandal took place under the noses and with the sometimes overt encouragement of Congress and the executive agencies who were supposed to be protecting the Public interest. Yet there Are those in Washington who done to see Why any political Price should have to be paid for what went this is a Little too much to expect i think from a citizenry that has been ripped off to this astonishing extent. The american people will not soon forgive Saddam Hussein for costing them $20 billion. And they will not soon forget or forgive the a amp is and their political cronies for costing them $480 kidding folklore figures who were real people Casanova Casey Jones mrs. Of Leary John Henry Black Bart real name Charles Bolton Uncle Sam Sam Wilson Johnny Appleseed John Chapman source world features Syndicate creatures that lived with the dinosaurs cockroaches ants dragonflies starfish squid oysters clams a first dinosaurs lived As Long ago As 225 million years source the first Dinosaur meanings of 6 common chinese surnames Wong a wide body of water Lee i a plums Wang a yellow or Prince Soo a to revive. Chan a old Kwan a to shut source family names september 9,1990 sunday c Page 3
