Tuesday, July 26, 2011

CONTROVERSY OVER THE USA INSTITUTION TO RESOLVE THE DEBT LIMIT.

Controversy over the USA strategies to limit the cxceeded debt limit remains disputable in both the Congress and the Senate, despite warnings from various financial Institutions that the USA executives, legislative and parties indecision may have long term global financial consequences that will disable the USA capability and rendered the USA incapable to pay its debt and prevent the foreseeable financial catastrophe that could further deteriorate the USA economy and its devaluating currency. Some experts have suggested additional measures to the Republicans strategy for the debt and budget deficit crisis solution by spending cuts to include further cuts on certain projects that may not be necessary at present. However, no suggestion have been made on the person, or the country that should take the responsibility and resolve the problem to prevent the predicted global financial catastrophe should the USA continue in the stumble to resolve the problem.

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