Samstag, 3. Oktober 2009

Cavuto: What Does the U.S. Know About Fiscal Soundness?

Missed Thursday's Cavuto ? Catch "The Deal" right here on FOXBusiness.com

He's the host.

But not exactly with the most.

Here's the deal.

As Barack Obama gets ready to host the G-20, a likely gee-whiz from his guests.

The President and First Lady greeting them right now in Pittsburgh...

But leaders of the richest countries on earth not quite sure the very richest country on earth is all that back in shape.

Barack Obama says we're coming out of the worst of it.

But nagging indications that all is not well in Washington.

On this, the nearly one-year anniversary of that Troubled Asset Relief Program, with indications today it's brought more trouble than relief.

On the very same day we found out that home sales fell nearly 3% last month, breaking what had been a four-month winning streak.

And all this... The President's health-care reform efforts look like they need a lot more effort -- not because Republicans or Democrats are saying they don't add up, but because the Congressional Budget Office says they don't.

And for today's embarrassing finishing touch...

Paul Volcker -- who says as for this great safety nets to banks... Cool it.

And Paul’s on their side.

So what are these other countries to make of all this?

Just this:

We're hardly the ones to lecture on fiscal soundness.

And they're hardly the ones to listen.

Not when governments the world over still want to spend more, risking probably inflation, and probably a lot more.

Bottom line?

The President has reason to boast we're no longer spent.

He's hardly the guy to say that means more spending.

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