Debt Ceiling Deal Could Threaten Economic Recovery

By

August 1, 2011 RSS Feed Print
  • Comment (4)

Related Articles

There is, of course, the possibility that lawmakers could create lasting and meaningful reforms to create responsible future budgets, says Rogoff. But recent political behavior does not leave much hope. "If the 12-person congressional (and) Senate committee [tasked with making further cuts later this year] got something done, it would be fantastic, because tax and entitlement reform is really the No. 1 problem that they need to address. The trouble is I don't see what is going to bring that to a resolution. I don't see why I'd have any faith that they'd cut a deal."

You might be interested in...

Tags:
economy,
Congress,
deficit and national debt

Reader Comments Read all comments (4)

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Hello!!!

Dear Madam and Sir,

I am clkwong@ who wrote in Internet about used US$10 Trillion for world Economy Recovery in 2009.

2 years later ,we find out that over 75% World Economy Recovery was wored.

We know now the World Economy that has some problems included

Europe , USA and so on, but we believe that the problems had slowed out then they must have solutions to solve it depended on soon or later.

The most three problems face to World Economy that clkwong@ has mentioned are as follows :-

1. stock markets

2. housing,

3. lost jobs.

During the past 2 years, the 2 most important factors of World Economy had solved, only the lost jobs factor , we need a longer time to solve it.

Thank Jesus love,

reported by clkwong@ in Internet!!!

best regard.

clkwong of AR 4:41PM August 21, 2011

If mojority of the federal debt came from hedicare, can any of the law makers dig into the numbers to see why does the medicare field spend so much? It's wrong just simply assumes it's a area not touchable. As far as I know, doctor and medical institutions have every motive to give unnecessary treatment and medicines to patients becuase that's how they earn money. The more they practice, the more the earn. Why don't these doctors call patient to have a chek-up all the time? Give people more options to let these patients to do to community based clinic, private owned hospitals..

Bring more competition to health care industry! That's how you can solve the federal debt problem.

Think twice when you give away tax payer's money. Let these people be indepentdent on their own. I don't believe one can't survive if they really need money except disabled and children. I know someone who lives on little over $15000 / year doing small jobs like cleaning, baby sitting, delivering pizza, gardening. Anyone with hand and feet can do it. Do something. We taxpers work hard to make ends meet. I sleep less than 7 hours a day, work more than 14 hours a day and have to do house keeping and take care of two babies. Why can't these people? Government should stop giving them momey. They will if they have to.

Their philosophy is like 5 years old. Why would they take money if they have the opputtunity?

outsider of CA 2:54PM August 05, 2011

THE PRESIDENT WITH NO GUIDING PRINCIPLES!

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

-- Senator Barack H. Obama, March 2006

You are correct Mr. President -- Americans DO deserve better!

PappyHappy of CA 7:26AM August 03, 2011

Photo Galleries

History of U.S. Bombings, Failed Attempts

A look at some of the worst bombings in the U.S. and infamous failed attempts.

advertisement

Latest Videos