Breakingviews | US deficit

Considered view

01 Feb 2010 20:28

Road to ruin

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By then, bailouts and stimuluses will be all but over, recovery should be under way, and Obama's promised spending freezes should be in place. Yet even on his own figures, the deficit next year will still be an eye-watering $1.3 trn. Bigger spending cuts are needed -- and soon.

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