Can higher taxes save the US from bankruptcy? New Yorkers answer

Published time: July 23, 2011 05:08
Edited time: July 23, 2011 09:47
RT Photo / Irina Vasilevitskaya
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The US faces the possibility of being unable to pay its bills and may have to declare a default, unless the government can agree to raise the debt ceiling by August.

­The effects are being felt already – as the US Federal Aviation Authority, which oversees all civil flights, begins to shut down.But critics say that it is unlikely either the Democrat government or the Republican opposition will offer a solution, be it more taxes or spending cuts.

RT's New York resident, Lori Harfenist, went onto the streets of the city to ask people if they would be willing to pay more taxes to safeguard their government against bankruptcy.

Comments (4)

dd 24.07.2011 10:36

And still the US enjoys the AAA-status in rating! A bit strange..

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Nay Lin Maung 23.07.2011 23:16

In this moment, I think that higher taxes could not save the U.S. from bankruptcy. I said that I do not support for U.S. government policies in domestic and foreign policies. In contrast, I stand up for economic policies.   This is the problem of fiscal policy makes from U.S. federal law makers as well as white house.   In the long run, I think that GOP has pretty good plan to cut the size of government and size of federal government debts. I am going to fight for cutting the size of government and cutting the size of government debts owes to the foreign investors as well as domestic investors.   In contrast, I know very well good arguments from other sides of the GOP to complain about cutting the size of the government and cutting the size of government debts.   I am going to tell both GOP and democratic party have to stop what they are messing with the globe. They are not helping to solve the problems of what global people face.   If U.S. likes to go the ways, they did for last many years ago.   Do not like to change at all.   In this world, I am going to see new 51 nations or countries coming out from United States of America adds to the United Nation as totally new nations. I am not kidding because it is the life and death of many people life.  

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Larry (unregistered) 23.07.2011 19:11

Smoke & mirrors......Raising the debt ceiling is simply  a financial parlor trick designed to put off the inevitable...& shunt the responsibility to someone else down the road. Both the Republicans & the Democrats are too cowardly to address the real problem which broke the Soviets some 15 years ago...It is the US/NATO military industrial complex breaking the back of America today...Want to save some money? Close military bases & all their foreign contractors around the world & stop throwing trillions of dollars of dirty money at corrupt pro-US regimes around the world, stop overpaying and under-bidding US military contracts here in the US....Invest in the US economy ...not some foreign Junta!!! I'll bet there are quite a few states in the US that could use the water purification systems the US has built for free in the Middle East....

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