I didn't want to talk about it. I still don't. But, just in case YWA is the only source of information you turn to (shut up)...
I.M.F. Says U.S. Debts Threaten World Economy
WASHINGTON, Jan. 7 — With its rising budget deficit and ballooning trade imbalance, the United States is running up a foreign debt of such record-breaking proportions that it threatens the financial stability of the global economy, according to a report released Wednesday by the International Monetary Fund.
Prepared by a team of I.M.F. economists, the report sounded a loud alarm about the shaky fiscal foundation of the United States, questioning the wisdom of the Bush administration's tax cuts and warning that large budget deficits pose "significant risks" not just for the United States but for the rest of the world.
Sand! I need more sand! My ears are exposed.
Thursday, January 08, 2004
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