According to Julian Robertson on CNBC
"It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."
"The U.S. has to quit spending, cut back, start saving, and scale backward," Robertson said. "Until that happens, I don't think we're anywhere near out of the woods"
Answer by PaceMyself at 5:52 PM on Sep. 24, 2009
There is NO MONEY. Thats why Obama needs to get over this UHC and FOCUS on basic reform. He needs to STOP trying to expand govt programs and try and lower the deficit. And I dont care WHO is responsible...OBAMA is the one in power now and HE can get it fixed if HE wants too. HE needs to LEAD (I know...difficult for him) the house an senate that is democratic controlled and get some GOOD done. But they wont :(
Answer by momof030404 at 5:53 PM on Sep. 24, 2009
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