Tuesday, March 1, 2011

European Sovereign Debt Crisis Wake Up Call for US?

The American fiscal condition faces a perfect storm. The outlook for the medium term has deteriorated markedly. Some important causes are the Big Recession and the extension of the Bush tax cuts. Nor are the projections cheerful in the long term. In the coming period these issues will come to a head.

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About the author: 
Andy Langenkamp is political analyst at ECR Research in The Netherlands