Americas debt | Feedback | Sitemap
Americas debt crisis coming goldcore ireland
Congress will face strong political pressure to avoid a functional tax increase. Open Account Log In. In the affected nations, the push toward austerity—or cutting expenses to reduce the gap between revenues and outlays—led to public protests in Greece and Spain and in the removal of the party in power in both Italy and Portugal. Since raising taxes weakens incentives and further slows economic growth—worsening the debt-to-GDP ratio—the better approach is to slow government spending growth. A one-ounce gold nugget is rarer than a five-carat diamond.