Obama urges continued stimulas spending

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Obama still thinks you have to spend money to keep from going bankrupt while many other countries are focusing their efforts to debt reduction to keep from going bankrupt.

 

I never declared myself a master of physics, but I also have never seen a case where increasing a deficit will stave off a bankruptcy.

 

http://www1.voanews.com/english/news/economy-and-business/World-Leaders-Gather-in-Canada-for-G8-G20-Summits-97152669.html

 

"Amid concerns in Europe and worldwide about budget deficits and debt, focused on the fiscal crisis in Greece, a major question is what degree of agreement can be reached on the question of spending versus deficit reduction.

 

President Obama has urged G-8, G-20 nations not to put the brakes on spending to stimulate economic growth. But key European nations such as Germany, Britain, and France, and host Canada, have been focusing on debt and government deficit reduction."

Edited June 25, 2010 by bhs7695