Will It Be a Solution?
The Obama Administration is running into a big trouble.
Its national loan reaches astronomical figures, driving the country to a real bad fix.
The bill of compromise on financial cliff was barely passed through both the House of Representatives and Senate.
The
financial cliff is a new word first used by the chairman of the U.S.
Board of Governors of Federal Reserve System. By this he meant the
present U.S. financial crisis that now plunges the U.S. economy into a
hell of quagmire.
This financial cliff is an outcome of anti-popular economic policy of the U.S.
Despite a big budgetary deficit the U.S. disburses the largest military expenses for its wild dream of world domination.
Up
to the ears in debt, the U.S. has issued bonds of various kinds without
any guarantee. This of course has led to a drastic rise in budgetary
deficit and a total decline of the economy.
This time the bill of compromise was railroaded but this won't provide any solution.
As
everyone knows, the economy cannot be operated unless bonds should be
sold to other countries. The national debt having gone to the limit, the
U.S. is now brought to the edge of the financial cliff. This crisis can
only be accounted for by reactionary anti-popular policy of the United
States.
Ra Myong Song
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