Obama Plans To Slash US Deficit
Pure FX
14.04.2011
US President Obama stepped up to the podium in the last 24 hours to counter critics that he had no credible deficit reduction scheme.
Speaking at George Washington University he promised to shave a mind-boggling $4 trillion from the US deficit – cutting $3 for each $1 in tax hikes. Headline-hogging journalists countered that the plan is emptier than Katie Price’s brain – but it has calmed investors biting their nails that the US could spend itself into oblivion.
It was sunshine and lollipops in the US for other reasons in the last 24 hours. First of all the latest beige book stated that US economic muscles are looking more toned than since before the financial crisis.
More...
Pure FX
14.04.2011
US President Obama stepped up to the podium in the last 24 hours to counter critics that he had no credible deficit reduction scheme.
Speaking at George Washington University he promised to shave a mind-boggling $4 trillion from the US deficit – cutting $3 for each $1 in tax hikes. Headline-hogging journalists countered that the plan is emptier than Katie Price’s brain – but it has calmed investors biting their nails that the US could spend itself into oblivion.
It was sunshine and lollipops in the US for other reasons in the last 24 hours. First of all the latest beige book stated that US economic muscles are looking more toned than since before the financial crisis.
More...
