The United States: Deficit Champion

“Evidence that the current Administration is taking a different tack on economic policy was abundant at the recent Group of 20 (G-20) meetings in Toronto. The European governments, led by Germany, were arguing for deficit and debt reduction while the U.S. was resisting attempts to rein in spending. Although the U.S. went along with the joint call for deficit cutting, the White House clearly didn’t want to be constrained in its ability to pump money into the economy when it wants to.” Read more.

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