Lagarde Says 'Fiscal Cliff' Threatens US Supremacy -- France24
AFP - IMF chief Christine Lagarde said Friday the looming "fiscal cliff" in the United States threatens the country's international supremacy and the fragile global recovery.
In an interview with BBC World News, Lagarde noted the US fiscal cliff, a combination of severe tax increases and spending cuts due in January, would probably wipe out growth in the world's largest economy.
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My Comment: She is right. When your government is borrowing $4.8 billion every day .... trust me on this one .... I do not care who you are, but your days and your economy are numbered.
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