In accordance with this basicproposition, when Abbas rejected Olmert's offer, and made no counteroffer, it was naturally assumed that Olmert's proposal was rendered null and void.
But providing due process to all citizens through an effective judicial system with guaranteed representation is certainly a more expensive proposition than providing basic health care or public education.
The lesson learned was basic and deeply ingrained: borrowing to buy assets above your means is a sketchy proposition, as the recent owners of 16.5 million foreclosed houses will attest.