Analysis: U.S. pushes tough deficit decisions into the future

05/30/2010 | Economist (free content), The

U.S. President Barack Obama and Congress are pressing for more economic stimulus and putting off the day of reckoning for the country's exploding budget deficit, according to The Economist. The dollar's position as the world's reserve currency and some favorable demographic trends are giving the U.S. more time to deal with its deficit compared with Europe, the magazine notes. "Yet this may not be the blessing it seems," The Economist concludes. "Getting politicians to take the deficit seriously may well be impossible unless the bond market forces them."

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Economist (free content), The

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