Wednesday, November 18, 2009

Our policies directly cause this problem.

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession. With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction. His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia...link

Until May to reconsider Iraq drawdown plan.

BAGHDAD — The top US military officer in Iraq warned on Wednesday of attacks in the run-up to an expected January general election and said he would ask Washington to alter troop drawdown plans if necessary. General Ray Odierno told reporters in Baghdad that although all American combat troops are due to pull out by August 2010, the plan could change between now and May if the security situation deteriorates...Link

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