"We all know that our problems are less economic in nature and more political in nature," says [POMCO chief] El-Erian. "The biggest setback is that [Congress] fabricates problems."
The self-inflicted wounds he refers to in the video are the upcoming sequestration cuts, the expiration of the continuing resolution and the debt limit debate.
"It has been four years since Congress has approved a national budget and that is the most fundamental element of governance," he says. "We need to stop creating these headwinds."
When it comes to the budget and long-term deficits he suggests that a "mix of both" spending cuts and revenue hikes are necessary. Our debt load is not a problem that can be solved by a one-sided approach, he notes
obama never produced a budget, even with a democratic congress. what makes you think he'll get cooperation after giving republicans the finger on a regular basis. clint was right, you're half-kenyan is the biggest hoax ever perpetrated on america. no doubt he won't release his academic records because of all the remedial ecocnomics courses he took.
Like most Dermocrats, you know absolutely nothing about the economy. Considering you think that you can continue to add massive amounts to the national debt and not hurt the economy. Adolph Obama and the rest of you goose stepping Democrats have been looting this nation fort the last four years, and are continuing to do the same now.
qaydan: you probably were lockstep with Cheney when he said deficits don't matter. Not a peep out of you Right Wing Nuts. You are such a loser. I wonder if you ever did any physical work in your whole life. Why don;t you try some volunteer work and make yourself useful. What a waste of skin.
Like most Twinkies, gaydan knows absolutely nothing about the economy. He has no understanding of how in all other countries where budget cutting has been tried, their economies have WORSENED! But truth and reality to the ideologues have no importance - they’d rather childishly prattle on about “goose stepping” and “looting” without providing any arguments of substance. Name calling supplants analysis.