Cable Rounds on US Nutters
Vince Cable today accused US Republican politicians for holding up a deal to reduce US government debt. It’s all here on the BBC. Here’s an extract.
Vince Cable has attacked leading US Republican politicians for holding up a deal to reduce US government debt.
Speaking on the BBC’s Andrew Marr Show, the business secretary called them “a few right-wing nutters in the American Congress”.
Unless a deal on Capitol Hill is agreed before 2 August, the US Treasury could run out of money to pay its bills.
Mr Cable said it presented a bigger risk to the global markets than the continuing debt woes in the eurozone.
I think it is true to say that the United States doesn’t have a debt problem. It has a severe debt problem!
US policy-making seems to be a bit like the arguments in the Middle Ages about how many angels could dance on the head of a pin.
The only crumb of comfort is that the United States has been there before and a deal is always done.
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July 24, 2011 - Posted by AnonW | News, World | Barack Obama, Economy, Politics, United States
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The Anonymous Widower 
With Google buying Motorola for $12.5 billion and Hilton Hotels going for $26 billion; banks have paid back the TARP money, Oil, communications and insurance are rolling in cash and profits.it certainly doesn’t indicate that America is broke! :>)
Comment by Roy Barnacle | August 21, 2011 |
Perhaps not! But they’ll be a lot more problems in the next few years.
Comment by AnonW | August 21, 2011 |