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In the United States authorities need to reiterate plan to control public debt continues to rise at the same time, he once again warned use debt limit raised as if negotiations conditions is gucci outlet very dangerous, because even if it is just a temporary stop pay the United States for repayment of the debt or interest, may give financial market and payment system cause serious interference, lead to the U.S. government debt rating drop, the more can damage the dollar and Treasury is currently in the global market of enjoy special status. The congressional budget office director Douglas el Randolph said the two also door in the party can raise the debt ceiling is caught up in a stalemate in quite so play a "dangerous gamble," because the consequences hard to predict. He said that, even if the United States had small borrowing costs rise, could lead to the United States in the next 10 years to pay $130 billion in interest. "History tells us clearly, if our financial system into turmoil, will damage our economy's Gucci Shoulder Bags energy, reduce people's life level, increased economic risk and destroy the financial stability." Bernanke said. "However, I hope people in the expected short-term accomplished these a sustainable fiscal plan at the same time don't take risks, to take trigger investors questioned the United States credit action." The so-called "desperate", it refers to the republican party because dissatisfaction democratic proposal, and refuse to reduce red plan in congress voted to agree to advance the 14.29 trillion us dollars of debt limit. In fact, the United States in May that debt ceiling, the United States has breached finance ministers cover in May 16 Turner congressional veto unconditional raises us debt limit proposal announced after taking interim measure will leverage the delay time limit, to August 2. If before this, the republicans and the Democrats still can't reach a compromise, America will have to hit a debt default history records. At the two parties agree the United States are required to make a ensure long-term financial sustainable solutions, it cut the deficit, both in how to cut the main differences. Republicans argue that "heavy throttling", that is, the more big cuts in government spending, including degree in medical and other areas of welfare spending, etc. And the Democrats insisted the "open source" is the right way to solve problems, that is, through tax increases to increase government income. YanJianFeng think, actually want to cut the deficit, open source for the worst, just at present throttling weakness in America's economy make the situation become more complicated. The American economy weak growth in the first quarter after the accident in the second quarter Gucci Top Handles to 1.8%, so far the economic indicators are pointing to pessimistic. May the unemployment rate to 9% from 9.1%, this to hope in the next year to seek a second term Mr Obama is quite heavy blow. At the same time, manufacturing data, consumer confidence and home sales data and so on is also falling all. If there is no financial and debt problems now probably constraints is considering how to better the economic stimulus. However, for the debt ceiling light up to the United States, the red light, open source and throttling which an option to economic damage less, really is a hard question to answer. YanJianFeng think from the United States, the two parties of wrestling history look, the final result is likely to be both sides to make some concession, respectively. If the Democrats maintain similar medical benefits such as rigid spending and spending, more a compressed other fields, as some of the international affairs expenses expenses and military spending, which part of the joint republicans proposed spending cuts this year should be in deepening to requirements. And republicans in opposition to the tax increases at the same time, or licensing consider allowing aimed at financial enterprise and other high-end industries and population, thus increasing tax increases in government revenues and avoid the blow on employment but manufacturing industries such as low influencing the industry. In fact, the White House has started to make corresponding efforts. The Wall Street journal quoted according to the people familiar with the matter, White House officials closed door meetings on Tuesday, Obama is put forward to consider extend tax relief, and employee salary for employers to provide new tax cuts to boost growth and employment growth, and over time gradually improve the financial foundation. However, the cost of the tax cuts bring may make the United States in 2011 budget deficit (at present is expected to rise to $1.5 trillion) the short term worse, and republicans worry about Obama expect in return for tax increases for the wealthy, so so far to gucci bags outlet the offer cool response.
