Thursday, July 14, 2011
Debt Ceiling Almost Reached
No one can go far from the news that impeding economic crisis will be
upon the United States if a decision on the debt ceiling won't be made
shortly. Moody has mentioned that it will downgrade the US government's
AAA rating, and China, who holds most of the US debt, seems nervous
about the outcome. It's not just "partisan" politics right now, it's
in-fighting within the Republic party. An agreement must be reached,
and must be reached shortly. The citizens of the United States cannot
risk losing more jobs because the government, in which they are supposed
to trust, play a game of chicken. The US can not be allowed to follow
suit of Greece and Ireland, and if the US government stays on the path
that they are currently are on, it will only be a matter of time.
Subscribe to:
Posts (Atom)