Wednesday, April 13, 2011

Another country, another debt crisis to be fixed

Obama unveils $4 trillion plan to cut deficit

"Barack Obama, the US president, has unveiled a $4 trillion deficit-reduction programme, and slammed Republican plans for sweeping spending cuts as an attempt to fracture America's social compact". ""It's about the kind of future we want, it's about the kind of country we believe in.", he said - Meanwhile..."The White House is already warning of financial 'Armageddon' should Congress fail to raise the US borrowing limit from $14.29 trillion dollars, a threshold it is set to exceed by May 16, or see the US default on interest payments of its debt". "The White House says the issues of the debt ceiling and constraining the runaway deficit are separate, and that Republicans should not "play chicken" with the economy". (just lurve the rhetoric in the speech, doncha?)

Posted by alan @ 10:54 PM (1573 views)
Please complete the required fields.



One thought on “Another country, another debt crisis to be fixed

  • Teleprompter Obama prefers to be a turkey, doncha?

    ~ I just do what I’m told to do by my elders, that way I live through Christmas.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>