Skip to comments.Obama has led US to £338bn bill - and to the edge of a financial abyss
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 ...
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.
Way to late. Sad.
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.
The Daily Mail may be the best US paper that exists.
Updated my tag line, damnit!
Why must we learn US news from a foreign newspaper?
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