Saturday, October 13, 2012

BARACK OBAMA: PRESENTS THE NEW BUDGET

So says Obama, who spares nobody in his attempt to save the world
In 2009, the same is estimated by IMF to reach a lower 12.20%! Compare this to say a country like India. In 1990, India’s savings rate was 23%, in 2004 it reached 27.6%, and in 2008, the same touched a mind numbing 40%. China has already touched 50% in this decade!!!

Is there a learning out here? “For too long, our budget has not told the whole truth about how precious tax dollars are spent,” Obama quoted while presenting the budget, “Large sums have been left off the books, including the true cost of fighting in Iraq and Afghanistan. And that kind of dishonest accounting is not how you run your family budgets at home. It’s not how your government should run its budgets either.” Obama, we hope your citizens got your irritation with them quite clearly...


Source : IIPM Editorial, 2012.

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