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Obama has led US to £338bn bill - and to the edge of a financial abyss
The Daily Mail ^
| Simon Heffer
Posted on 11/10/2012 8:02:15 PM PST by ducttape45
On the streets of Manhattan last week, the American public were more concerned about the delay in restoring their public services after Hurricane Sandy than about the entrails of politics following the presidential elections.
New York votes Democrat. It took for granted that Barack Obama would get a second term, and did not look much beyond that.
(Excerpt) Read more at dailymail.co.uk ...
Moderator, I tried the Search function but it didn't work. If this is already posted elsewhere, please delete it.
This man gets it. At least someone overseas has a brain.
This man gets it. At least someone overseas has a brain. Oh, and the monetary total should read $500 billion dollars.
posted on 11/10/2012 8:04:52 PM PST
Decifits will very likely NOT be $1 Trillion per year. They will likely be much higher.
We are on a knife’s edge. As Europe is also showing, high debt with a slowing economy creates a vicious cycle. As the economy declines, tax revenues decline even faster, creating even larger deficits and making the debt even more difficult to sell.
All it will take is some kind, any kind, of economic shock to cause this.
posted on 11/10/2012 8:29:47 PM PST
The Daily Mail may be the best US paper that exists.
I personally think of the two groups as the 'makers' (Republicans) and the 'takers' (Democrats).
Updated my tag line, damnit!
posted on 11/10/2012 9:41:12 PM PST
by Post Toasties
(Leftists give insanity a bad name. 0bama: Eight years of failure and fingerpointing.)
When are we going to wake up and figure out that we really don't have any idea of who voted for who, or what the final tallies really are. Between massive voter fraud and machines that cheat for all we know Romney could have won New York.
posted on 11/10/2012 10:57:16 PM PST
(The LORD is Holy, separated from all sin, perfect, righteous, high and lifted up.)
Why must we learn US news from a foreign newspaper?
posted on 11/11/2012 1:20:24 AM PST
by Bon mots
(Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
posted on 11/11/2012 7:10:30 AM PST
(Less Government, more Fiber..)
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