FC: Weekly column: Problems with Washington's spending appetite

[Declan McCullagh <declan () well com>]

http://news.com.com/2010-1071-992773.html

   The perfect storm hovering over tech
   By Declan McCullagh
   March 17, 2003, 4:00 AM PT

   WASHINGTON--Don't look now, but the capital's near-insatiable appetite
   for government spending may not bode well for technology firms.

   A combination of fiscal and political factors--including the pending
   invasion of Iraq, global concern about the stability of U.S. markets,
   and ballooning federal deficits--might wind up combining to trash
   technology stocks and further tighten the noose on venture capital.

   Forget last week's modest 2.5 percent rise in the Nasdaq index. What
   I'm talking about is the possibility of longer-term problems over the
   next five years with a much gloomier outlook. For this you can blame
   President George W. Bush's lack of fiscal restraint--and the cravens
   in Congress who acquiesce to irresponsible spending programs.

   [...]




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