US Deficit Projected to Shift World Order
David Sanger, The New York Times | February 3rd, 2010
President Obama has projected that it will take at least ten years to eliminate America’s budget deficit. ++ The US could face a situation similar to the one Japan did—as its debt rose, its influence worldwide declined. ++ “How long can the world’s biggest borrower remain the world’s biggest power?” ++ For this reason, Obama hopes to wind down the war in Afghanistan as soon as possible. ++ Obama will have to balance short-term spending on job creation with long-term cuts in domestic programs.
