The end of the West
Obama added over $5 trillion to the debt mountain, how can that be a good track-record, you’re facing a fiscal cliff, you’ve reached your $16.4 Trillion debt ceiling, what are you going to do now? Increase it again? It’s madness, and who will want to buy US Securities, I doubt China will be first in the queue, they’re already stocking up on gold as a hedge against a dollar collapse.
Oh that’s right tax the rich even more, they’ll just leave take their money, and stop spending and investing, and on top of that US business is buried in mindless bureaucracy, regulations and red-tape, no wonder companies are out-sourcing to India and China.
Even if both Houses do agree to increasing the debt mountain, the US will be downgraded by rating agencies anyway, it’s time to start living within your means and allow businesses to breathe.
The USA at the moment is just a declining Zombie Economy, just like here in the EU.
A massive crash is coming, maybe then the people in the EU and US will finally wake up to reality.
