America’s Disastrous Debt Is Obama’s Biggest Test -- Roger Altman, Financial Times (Commentary)
The global financial system is again transfixed by sovereign debt risks. This evokes bad memories of defaults and near-defaults among emerging nations such as Argentina, Russia and Mexico. But the real issue is not whether Greece or another small country might fail. Instead, it is whether the credit standing and currency stability of the world’s biggest borrower, the US, will be jeopardised by its disastrous outlook on deficits and debt.
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My Comment: This Democrat Congress and President are not going to slash the entitlement programs that benefit mostly Democrat constituents. What I expect are higher taxes (wow .... what an original thought) .... and slashing government programs like defense. My prediction .... in 5 to 10 years the U.S. military will only be a shell of what it was 20 years before.
1 comment:
Just as planned. The tech has gone, the capabilities have gone, the money has gone. UsofA corp has been successfully eliminated by Financial Special Forces organisaed by a Fifth Column. Europe had better get ready to be washed over.
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