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SpinDistribute.com Article Directory

The following article was published in our article directory on November 12, 2010.
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Obama to Stimulate the Economy and Between Debt Reduction Balance Forward

Article Category: Business

Author Name: Amanda xzh

The second round of the quantitative easing policy of the Federal Reserve will not only allow the United States became the G20 summit in Seoul, the first day of the target of public criticism, and let Obama into the United States Tea Party, the conservative political forces target.

Local time on November 9, Tea Party movement leader molecules, Florida, Billie Tucker who carries hundreds of petition letters tea party north of Washington, adjacent to the Heritage Foundation on Capitol Hill held a seminar to the public Tea party member to pass on the "post-selected period" the U.S. government's demands.

Quantitative easing and foreign concern brought about asset bubbles and trade fair is different from the primary worry is that U.S. citizens would make the dollar the policy, resulting in their loss of wealth.

In addition, the quantitative easing policy has given the Fed tea party to another excuse to attack Obama's debt. Tea Party and other conservative forces had been opposed to Obama to start a large-scale government economic stimulus policies, increase spending practices. They worry that the deterioration of government debt, involving the future generations. The second round of the quantitative easing policy of the Federal Reserve an opening to buy 600 billion U.S. dollars announced the national debt.

The debt issue, the Republican mainstream and the Tea Party and other forces are also ultra-conservative forces in this together. Party members expected to vote against Republicans in next year's raise U.S. debt ceiling, which may affect the U.S. government operation. Currently the U.S. government the legal debt limit has been reached 1.9 trillion, because the money ultimately comes from people's taxes, it was calculated that this is equivalent to 6,000 U.S. dollars per American citizen toting debt.

In response to domestic pressures, November 10, G20 summit in Seoul the day before, Obama introduced a new financial reform plan book. The plan by the White House to develop cross-party finance reform committee, specially the deficit problem.

Finally, planning the content of the book has not been determined, but the U.S. media reports that its goal is to have the level of 2015, the U.S. budget deficit down to 2.2% of GDP, by 2024 the overall level of debt down to 60% of total GDP, and measures covered reduction military, non-military government spending, public health and social security spending and tax reform and so on.

Obama's Democratic Party which has just 2 November mid-term elections lost control of the House of Representatives. Standing on the crossroads of recovery and the second recession, decline in the face of international competition and the challenge of the conservative forces, the Obama administration is struggling to reduce debt to stimulate the economy and the balance between forward.

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