Posted on 01/27/2010 1:03:52 PM PST by jazminerose
Obamas boss, unrepentant Nazi collaborator, George Soros explains why Obama should continue to run up Americas already staggering debt load and crush the life out of business:
There is a general concern with sovereign debt, Soros said. It is coming under suspicion and it has a political momentum because there is increasing political resistance to allowing national debt to rise.
Some countries like Greece do have deficits of 12.5% of GDP [gross domestic product], which is intolerable and has to be reduced. Other countries like the United States and the main European nations have plenty of room to increase their deficits.
(Excerpt) Read more at joytiz.com ...
I recommend reading Chapter 11 of Obamanutz for a complete & well sourced summary of Soros.
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