The American debt is significant enough to have global markets worried. Following Politics Preacher’s discussion of the debt crisis, Jason Holmes adds his cent to the debate.
There have been various discussions that country will soon have to default on government debts. Thus, the politicians and the economists have been discussing as to how to bring down the debt level and how to stop the country from defaulting. Mainly, the financial experts are of the view that the country needs a tax reform. Most are of the view that only a tax reform will result in debt reduction and thus will be able to save the nation from defaulting; the debt reduction process in itself is a Herculean task. Continue reading →