Thursday, August 4, 2011
Paul Craig Roberts - Debt ceiling doesn't fix the economy
Lawmakers have built up the suspense for the last several weeks about the debt ceiling issue and let the clock run down almost to the last second. Yesterday the bill passed in the House and today the Senate passed the bill as well. Obama has already signed off on the bill that will cut $2.1 trillion in the next 10 years. So did the US government solve the problem or create new ones? Who will this bill affect the most? Doctor Paul Craig Roberts, columnist and former Reagan Administration official, gives us some insight.
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