Tuesday, September 07, 2010

US bankruptcy, fiscal 'child abuse' and six-decade Ponzi scheme

Text with video:
RussiaToday | September 06, 2010

U.S. unemployment is on the rise again - it has reached nine point six per cent, the first increase in four months. Some economists are arguing that the Obama administration needs to introduce another stimulus programme to create new jobs. But Larry Kotlikoff, professor of economics at the Boston University, believes the U.S. needs to start cutting spending immediately - or face bankruptcy...

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