Tuesday, July 12, 2011

Obama's anti-debt campaign: Countdown to the U.S. state of bankruptcy

The U.S. must soon declare bankruptcy? Negotiations falter in Congress on a higher debt limit. Obama is now urging a swift decision - but the right-wing Republicans are locked: the arch-conservatives are apparently willing to accept defeat in a state purchase. Barack Obama has arrived in the press room of the White House, he no longer wants to talk about small details, but on the bright future of the country.

"This is the United States of America," he says. "We can not govern in the three-month sections." It should sound categorically, as befits a U.S. president. A comprehensive agreement would take short-term delays since it is Obama on Monday, the U.S. Congress to raise the debt ceiling. Currently, the country press liabilities of 14.3 trillion dollars, more than actually permitted.

Where the U.S. Congress until early August, a further increase in those not permanently limit and give the green light for fresh loans, America's government can no longer pay their bills, for the first time in the history of the country. "Really bad consequences" that would for the world economy, complained the new head of the International Monetary Fund (IMF), Christine Lagarde.

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