Thursday, April 21, 2011

Crisis, Obama: "Situation of contiamericani unsustainable"

The U.S. budget situation is unsustainable: it is necessary to cut spending for fiscal consolidation but the cuts are carried out with the "chisel" not the "machete" or the risk of another recession. President Barack Obama, the headquarters of Facebook, answers questions that come from websites and those of the public.

And, smiling at Mark Zuckerberg, the founder of the social network, said: "Both me and you must prepare to pay more taxes. I know - he says looking at one of the youngest billionaires in the world - for you it is not a problem. " A statement that seems to confirm once again the intention of Obama to let expire at the end of 2012 the tax cuts for the wealthiest.

The real estate market, the middle of the crisis, is the "weight" of the U.S. economy, its major risk is essential to revive the real estate industry so that "people will have more confidence, spend more and will be taken with a general improving the economy "highlights Obama. "It 's still hard but in some areas of the country the situation is improving even if the economy does not grow as fast as we want," added Obama, pointing out that the U.S.

fiscal position is unsustainable. We are at a critical moment when we must take decisions. " But the president also called on to decide wisely to avoid the worst damage. The Republican plan is radical. Would not call it particularly courageous, rather than shortsightedness. Nothing is easier than solving a problem on the backs of the poor or those who have no powers.

" "If all you do is cut expenses without discrimination, if we use a machete instead of a scalpel, cut all the resources they create jobs, and then our deficit will worsen because we could slip into another recession."

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