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G20 Cutting deficit pledge

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posted on Jun, 27 2010 @ 08:28 PM
So at the G20 summit held in Toronto, Canada, Obama (and other world leaders) pledge to cut their respective deficit by half by 2013 and stabilize or reduce their respective government debt to GDP ratio by 2016.

First concerning the USA, do you believe in a deficit cut in half by 2013 (this is almost like tomorrow)?

If it goes through, I suspect that will include some cut in military programs, so which programs do you think will be cut (or drastically reduce in scope)? The JSF F-35?, the Bell/Boeing V-22 Osprey, others ?

posted on Jun, 27 2010 @ 08:36 PM
The deficit thing is crazy, but did you see this headline about the big banks??? Insanity....

posted on Jun, 27 2010 @ 09:00 PM
reply to post by freetree64

From the article ...

[While the participants here said they aimed to adopt the rules by the end of 2012, they cautioned that the standards would be “phased in over a time frame that is consistent with sustained recovery and limits market disruption.” ]

... yeah, gotta limit market disruption. Or rather, give the banks time to come up with a new speculation scheme.

As for the deficits, prepare for global "austerity".

[edit on 27-6-2010 by area6]

posted on Jun, 28 2010 @ 12:15 AM
reply to post by PopeyeFAFL

I thinks its kinda strange that the same World Leaders that got us into this mess, mainly by letting the Banks do whatever they please, are meeting at Tax Payers expense to solve the problem...

Worse still, they will do it by again screwing the people...

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