Wednesday, January 26, 2005
America's BushCo-Incurred Debt Threatens the World
WASHINGTON - The United Nations on Tuesday urged all the major industrial countries, especially Japan and the nations of Europe, to help the United States reduce its deficits by spurring their own economies to grow faster. In a report, "World Economic Situation and Prospects 2005," the United Nations said that the budget and trade deficits of the United States were putting the global economy off balance. It echoed warnings by the International Monetary Fund and other financial institutions in saying the United States cannot continue to carry its huge debts. "What we really need is a major advancement in cooperation among the advanced economies to help the U.S. get out of this problem," said José Antonio Ocampo, the under secretary general for economic and social affairs at the United Nations, in an interview.Actually, what we really need is for y'all to put pressure on Bush to roll back those huge tax cuts he gave his rich buddies, and throw on an extra "war tax" to those companies that profited from the not-so-excellent Iraq adventure. If he did that, we could actually get out of this debt mess rather easily.
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