US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy.
The cuts will take $85bn (£56bn) from the US federal budget this year.
www.bbc.co.uk/news/world-us-canada-21638727
Even the USA has realised - you cannot hide from your debts forever - no matter what the loonies may say ! - and the longer you leave it, the worse it will be.