{"id":380068,"date":"2010-03-02T07:39:43","date_gmt":"2010-03-02T12:39:43","guid":{"rendered":"http:\/\/www.prisonplanet.com\/?p=35647"},"modified":"2010-03-02T07:39:43","modified_gmt":"2010-03-02T12:39:43","slug":"house-majority-leader-greek-debt-crisis-%e2%80%98can-happen-here%e2%80%99","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/380068","title":{"rendered":"House Majority Leader: Greek debt crisis \u2018can happen here\u2019"},"content":{"rendered":"

AFP<\/a>
\nMarch 2, 2010<\/p>\n

The United States must embrace a blend of tax increases and spending cuts to rein in its deficit or face a potentially crippling debt crisis like the one in Greece, a top US<\/a> lawmaker warned Monday.<\/p>\n

\u201cIt is enough to look across the Atlantic at Greece\u2019s extreme economic crisis and understand: It can happen here. If we don\u2019t change course, it will happen here,\u201d said Democratic House Majority Leader Steny Hoyer.<\/p>\n

Hoyer, a close White House ally, said Democrats and Republicans in the US<\/a> Congress<\/a> must take the politically tough decisions needed to deflate the ballooning US<\/a> deficit and tackle record-high US<\/a> debt.<\/p>\n

\u201cIt seems to me that the only solution that can win the support of both parties is a balanced approach: one that cuts some spending and raises some revenue while avoiding extremes in either direction,\u201d he said.<\/p>\n

Full article here<\/a><\/strong><\/p>\n

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