World Bank warns U.S. to cut deficits

Alternet.org
April 06, 2005

Since the Bush administration hasn't been interested in listening to any dissenting opinions on the federal deficit, the World Bank has now stepped up to the mic and issued a warning: The incredibly high U.S. deficit, financed in large part by a few Asian countries' dollar reserves, is in danger of sparking a foreign exchange crisis which would decimate not just the U.S. economy but the entire world market. The last line of the article is especially heartening. (Yahoo News, via Marc)

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