From the BBC NEWS:
The new head of the International Monetary Fund (IMF), Christine Lagarde, has warned the “clock is ticking” on a deal to tackle the US deficit and raise its debt ceiling.
Unless politicians agree a package by 2 August the US may be unable to pay its bills, triggering an economic crisis…
But Ms Lagarde warned against drastic cuts in spending, saying these could create a “jobless recovery”…
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EDITOR: Sound familiar? Almost all economists are saying the same thing. But there are those more interested in destroying the Obama presidency than in what happens to the unemployed, the middle class and the nation’s future.
