US Politics Obama Years Public date: 25.02.2019 20:17:58

Publisher: Al Jazeera

Author:

11 Jul 2011

Reagan mythology is leading US off a cliff

As things stand today, the US is hurtling toward a budget showdown in less than a month. Either President Obama will once again capitulate to extreme Republican budget-slashing demands, making Democrats seem as  much of a threat to Medicare as Republicans, and virtually ensuring a GOP electoral sweep in 2012, or the US will default on its debt for the first time in its history, most likely plunging the world economy back into another five-continent recession, also costing Democrats the 2012 elections.
As things stand today, the US is hurtling toward a budget showdown in less than a month. Either President...

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