Depression by Lenka Lehenova

Who don't have a wish to visit USA?! Ok, maybe it isn't everybody's wish but most of us who have never been there before, would like to go there. It is center of shooting, shopping, home of popular persons etc. Everyday we can read about some news concentrated from USA or watch some American's movies. In these days we can read about it a lot because newspapers are full of information about American economy. To be honest I am not professional but I would say that it could be the strongest economy of the world. It was like this but today it isn't anymore. Economy is in depression. All analysts, economists try to find something what could change this situation. It is quite difficult because of deficit about 250mld USD and it is still expected to reach for this year and next. President Bush also try to do something for it. On Monday he will present his budget for the new fiscal year to Congress, where it is unlikely to gain much traction in the midst of a presidential campaign. He has promised a plan and by this way he will try to erase the budget deficit by 2012. Then he will propose about 178 billion USD in savings from Medicare over five years. Deficit could decline by this plan but there are also some people against it. David M. Walker, the U.S. comptroller general said that runaway health care costs was only one thing that could bankrupt America.Maybe people don't realize it but there are a lot of thing which depend on America and its economy, for example the prices of oil or employment.

related story: http://news.yahoo.com/s/ap/20080131/ap_on_go_pr_wh/bush_budget;_ylt=AtvrG6tq6ep82eCXJJ9Pobes0NUE

by Lenka Lehenova for PocketNews (http://pocketnews.tv)

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Edited by Federica Paddeu