Simply Stated...

Dear mouse,

When it can simply be stated, we got budget deficits too...

Ricciardone says US aid cut indicates nation is recovering

By DAVID CAGAHASTIAN

US Ambassador to the Philippines Francis Ricciardone said yesterday that the proposal of the administration of US President George W. Bush to cut US financial aid to the Philippines in 2006 by at least $20 million is an indication that the Philippines is on its way to being financially independent.

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