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Britain
Cameron Warns U.S. Government Shutdown is Risk to World Economy
2013-10-02
[An Nahar] The United States' federal government shutdown could endanger the fragile world economy, British Prime Minister David Cameron
... has stated that he is certainly a big Thatcher fan, but I don't know whether that makes me a Thatcherite, which means he's not. Since he is not deeply ideological he lacks core principles and is easily led. He has been described as certainly not a Pitt, Elder or Younger, but he does wear a nice suit so maybe he's Beau Brummel ...
 warned on Tuesday.

"It is a risk to the world economy if the United States can't properly sort out its spending plans and its deficit reduction plans," Cameron told BBC radio after the U.S. Congress failed to agree a budget, forcing the first federal government shutdown in 17 years.

Economists have warned that the shutdown, forcing 800,000 federal workers to go on leave and closing museums and national parks until the row is resolved, could slow growth in the world's largest economy.

Cameron added: "I think also it's a reminder to us here that you have to have a multi-year, long-term plan for getting deficits down."
Posted by:Fred

#6  We lead, not order.

The World doesn't follow.

And we don't order folks around (Like Russia used to.
Posted by: Redneck Jim   2013-10-02 21:35  

#5  The government is not and should not be considered "The Economy".
Posted by: newc   2013-10-02 21:32  

#4  A master of distraction, never at a loss to fill a void with feckless comments. Sorry David. Albion's historical record fails to warrant a right to comment. Please STFU.
Posted by: Besoeker   2013-10-02 17:13  

#3  The effect on the Global Economy will be much worse iff China opens fire on US Allies in East Asia, + the Bammer pulls a feel-good, pro-UN Mediation/Resolution "Syria" in response where China gets most or all of what it wants, while the US falls back across the Pacific + getting another Debt-busting QE(S) to boot.
Posted by: JosephMendiola   2013-10-02 02:07  

#2  I'm pretty sure there's a reason we fought the Brits (and beat them)...
Posted by: Raj   2013-10-02 00:29  

#1  ..and the economic collapse of the US along the lines of Greece or Argentina doesn't place the world economy at risk? Or are you gambling you won't be around when the music stops, just like the city fathers of Detroit?
Posted by: Procopius2k   2013-10-02 00:25  

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