Default America almost inevitable

John Bonner who is speaker of the United States Congress that negotiations had been held with leaving the administration of Barack Obama on the threshold of public debt.

From the words of American journalists Obama, who looked visibly frustrated and said at a press conference Friday evening, according to the President of Republicans reject great offer the White House, which provides for the 650 billion dollars of cuts in public expenditure. It is for this Obama does not understand the position occupied by Bonner.

Also at the press conference, Obama in his speech for the first time allows for the possibility of default, but only theoretically.

The President was invited to meet on Saturday, all leaders of the Congress.

By Bonera was also targeting congressmen-Republicans letter, stating: "We ultimately did not like were unable to agree. And I debate decided to stop with the White House and engage in consultations with the leadership of the Senate, see out of the impasse ". Bonner calls the proposal of the presidential administration to cut the budget deficit neser?eznym.

Later it became known that Bonner agreed to come to the following meeting with Obama on Saturday, but at this meeting will be attended by the leader of the Democratic minority in the House of Representatives Nancy Pelosi, and leaders of the Republicans and Democrats in the Senate, Mitch Mcconnell and Harry Reid. But Bonner said "not Default nor does not want, so I'm sure these events can be avoided"

Besides the Senate which is mostly with Democrats, does not approve on Friday morning, adopted by the House of representatives Bill on such a drastic reduction in social spending.

But it's worth noting if the compromise prior to 2 August is not found, then the country fully threatens technical default. As mentioned above the White House produced a diagram of the exit only to increase taxes and raising the threshold of public debt, which currently stands at 14.3 trillion dollars.

But the Republican majority in the House of representatives firmly insists on reducing the cost of the State. Treasury through on the initiative of the President of the health-care reform and various programmes to support the elderly and the poor.

Here is the situation in the United States see where take life to fraud and printing extra dollars, or to reduce the cost of the State, if the cost-cutting then I wonder who the Government chooses to save oligarchs or simple poor people.

Published Wednesday, 7/27/2011 in 9:25 in the heading news. You can keep track of comments to the record by using the RSS 2.0 feed. You can leave a comment, or trekbek from your site.