New IT projects on the upswing, but budgeting flat

EWeek reports that IT workloads are rising and the cause is an increase in new projects and not so much from layoffs. This from a survey of 1,400 CIOs by Robert Half Technology. But about 2 pages later, they have articles that convincingly forecast flat IT budgets for 2004. To me that spells tech projects moving off shore even faster than the rate we're currently witnessing. Maybe it's time for Ed Yourdon to write another book: "The Undercutting & Bankruptcy of the American Programmer."