U.N. Report Calls for Help to Ease U.S. Budget and Trade Deficits
By Elizabeth Becker
The New York Times
Wednesday 26 January 2005
WASHINGTON - The United Nations on Tuesday urged all the major industrial countries, especially Japan and the nations of Europe, to help the United States reduce its deficits by spurring their own economies to grow faster.
In a report, "World Economic Situation and Prospects 2005," the United Nations said that the budget and trade deficits of the United States were putting the global economy off balance.
It echoed warnings by the International Monetary Fund and other financial institutions in saying the United States cannot continue to carry its huge debts.
I have only one response to give for my country:
"MORE TAX CUTS, PLEASE"
(and don't forget that we can always cut Medicaid)