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The President's Economic Forum
ResumeThe president acknowledges that the economy is under- performing but warns that government overspending could worsen budget deficits. He is expected to reject $5.1 billion in new spending approved by Congress. Spending in that package includes aids to Israel and Afghanistan and funds for health monitoring at Manhattan's Ground Zero.
Can President Bush reassure Americans about the long run? Is the Waco Forum about policy or public relations? What's your solution to get this country out its financial funk?
Guests:
Mike Allen, Washington Post reporter covering the economic summit in Waco, Texas
Paul Samuelson, professor of economics at MIT and winner of the 1970 Nobel Prize
Laurence Kotlikoff, chair of the economics department at Boston University
Dan Aronoff, president of The Landon Companies
Jack Beatty, On Point news analyst
This program aired on August 13, 2002.