The Tea Party’s bitter Japanese flavour

If its budget deficit isn’t reined in, the US risks being unable to implement further stimulus when needed. Simple tax hikes are the next logical step – but the Tea Party isn’t budging.

The US budget fiasco has rolled on for two weeks and there is no end in sight to the upheaval that will unfold unless Congress passes the budget and debt ceiling legislation. The Tea Party Republicans are still holding the government and economy to ransom and President Obama is refusing to pay the ransom they demand – a significant scaling back in funding for Obamacare.


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