While Nations in Europe and some others are focused on cutting government spending, the US government pushed their agenda at the G20 Summit in Toronto. The US has expressed that spending should not be cut. US Secretary of Treasury, Timothy Geithner, was very vocal Saturday that the Obama administration fears that withdrawing spending could endanger global recovery.

Geithner stated he believes the Great Depression was prolonged when countries mistakenly pulled back recovery efforts too soon. When asked if he thought another double dip economy could occur, Geithner stated that it would depend on those meeting in the G20 Summit. He stated: "It is within the capacity of the people who are going to be in those rooms together in the next few days to avoid that outcome".

The Obama Administration feels strongly that the position of many European nations in regard to cutting spending is going to hurt the recovery efforts. Prime Minister David Cameron is expected to express quite the opposite and boast of the Budget his Administration has adopted that includes some 25 per cent in expenditure cuts.

Still the US maintains their position and Geithner was speaking to anyone that would listen this weekend. Geithner said the United States does not want to see a collapsed economy again. "What we want to do is continue to emphasize that we are going to avoid that mistake" and he expressed "it will take some time to heal."

"The scars of this crisis are still with us." Geithner told reporters. "If the world economy is to expand at its potential, if growth is going to be sustainable in the future, then we need to act together to strengthen the recovery and finish the job of repairing the damage of the crisis."

Not only does David Cameron speak openly about his disagreement with the Obama Administration’s position, but even more outspoken is Germany’s Chancellor Angela Merkel.

Geithner truly believes that if things do not come out of the G20 to slow down the cuts of Japan and other European countries that the economy will get worse before it gets better. Geithner warned: "Because we acted together, the world economy is now growing again, trade is expanding, and we are repairing the financial damage. If growth is going to be sustainable in the future, then we need to act together to strengthen the recovery and finish the job of repairing the damage of the crisis."