Friday, August 12, 2011

Why the US Should Raise Taxes: German Example Shows Way Out of Debt Crisis - SPIEGEL ONLINE - News - International

Why the US Should Raise Taxes: German Example Shows Way Out of Debt Crisis - SPIEGEL ONLINE - News - International

If the US managed to increase their public revenues to the level of Germany, we would have a surplus.
www.spiegel.de
Almost all the industrialized economies are struggling under the weight of enormous debt levels. The problem is their government revenues are too low. Debt-ridden countries like the United States, Ireland and Japan need to raise their taxes to a similar level to Germany.