United States

US Public Debt: No Solution

On Monday the US Congress has finally approved the new budget agreement allowing the government to increase the borrowing limit by 2012 on $2.4 trillion. The plan also provides for saving of $1 trillion in 10 (ten!) years. Today the US public debt is around $14.5 trillion. The budget deficit […]

US in Afghanistan: Leaving To Stay

One of the most high-profile events in the international politics in June was the announcement by the US president Barack Obama on the withdrawal of the US troops from Afghanistan. Meeting his election pledges, Obama initiated the conclusion of the military operation by the United States and their allies on […]

Default by Greece and the US

In mid June Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the US economy into recession. Greenspan’s loud statement on Greece may be a “sound curtain” to prepare the global community to a default by the US… First – a […]