U.S. economist and author of ‘The New Golden Age’, Ravi Batra, says he believes that “There is something fundamentally wrong with the American economy” which does not let its huge deficit decrease.
Batra says none of the plans proposed by Republicans and Democrats will be a solution to the American deficit crisis. But he added that the Republican plan would even “increase the deficit rather than decrease it.”
In an interview with Press TV’s U.S. Desk, he criticized the latter plan as a “political document which is not serious in any way”.
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