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Can US afford to dive deeper into large debt? NY answers

Published time: May 14, 2011 05:20
Edited time: May 14, 2011 15:43
Can US afford to dive deeper into large debt?
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With the US debt ceiling already at a staggering level, Americans are less than happy about proposals to raise it.

­While President Barack Obama and Congress struggle to reach a compromise, RT’s resident in the Big Apple, Lori Harfenist, looked for a solution on the streets of New York.

Comments (2)

Nay Lin Maung 15.05.2011 01:35

If U.S. prints out to fund his daily operation, U.S. is finished.   I think that foreign investors will answer whether U.S. can afford to dive deeper in to large debt because foreign investors will fund daily U.S. federal operation.   It looks liked U.S. government has no chance but he has to dive in to deeper hole of the debt because it is too late to change. United State of America is finished. U.S. has to save from other countries. He is done.

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PR101 14.05.2011 13:07

Yes the U.S afford to increase its debt as long as it can print money from a thin air and the world continue to use the U.S dollar as the sole world currency.

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