Wednesday, May 18, 2011

Will The US Have A “Debt Crisis”?

John Boehner, Speaker of the US House of Representatives, is leading the Republican Party’s charge on fiscal policy, arguing that his side needs to see “trillions of dollars” in spending cuts in order for Congress to approve an increase in the US government’s debt ceiling. No one should believe him, says MIT professor Simon Johnson in a column for Project Syndicate.

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