Dallas Federal Reserve Bank Chair: US Approaching Insolvency, Fix To Be 'Painful'
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Democrats called 1.5% cuts "draconian" and that is after tripling deficit spending in 2008 over 2007 levels. The yearly deficit in 2010 level was over and 6.5 times the 2007 level. CNBC: The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday.
Dallas Federal Reserve Bank Chair: US Approaching Insolvency, Fix To Be 'Painful'
Dallas Federal Reserve Bank Chair: US…
Dallas Federal Reserve Bank Chair: US Approaching Insolvency, Fix To Be 'Painful'
Democrats called 1.5% cuts "draconian" and that is after tripling deficit spending in 2008 over 2007 levels. The yearly deficit in 2010 level was over and 6.5 times the 2007 level. CNBC: The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday.