Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: American Spirit who wrote (67371)	9/23/2005 5:26:22 PM
From: stockman_scott	Read Replies (1) of 81568

Rubin: U.S. on wrong economic track 09/23/05 03:31 pm WASHINGTON (AFX) -- The United States is on the wrong economic track and finds itself in a deepening hole of debt, former Treasury Secretary Robert Rubin said Friday. Speaking to a congressional Democrats forum on the economy, Rubin said mounting government deficits are especially "pernicious" when combined with a large current account deficit and low personal savings rates. Rubin said leaders of both parties should make a "renewed commitment to facing our problems." Rubin, now a co-director of Citigroup, said short-term risks include the probability of higher interest rates and a weaker dollar, while the longer-term risks include paying for soaring health care costs.

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