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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (473088)	4/19/2009 11:10:36 AM
From: Rarebird	7 Recommendations Read Replies (1) of 1575581

<<President Barack Obama said on Saturday he would soon announce the elimination of dozens of wasteful or ineffective government programs as part of a broad effort to restore fiscal accountability to the federal budget.>> No surprise here. The US is headed towards fiscal bankruptcy. Rising unemployment and climbing business losses drastically contract the inflow of taxes while all forms of government social services see their costs explode. That causes the government's budget deficit to explode. The amount of US borrowing and spending is unsustainable. The only question concerning US fiscal bankruptcy is not if, but when.

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