As many western governments grapple with the economic crisis, it appears the big quandary they all face is how quickly to cut government borrowings without jeopardising the vulnerable shoots of growth. It's at times like this that even economists are split as to the right answer.
So it comes as no surprise to find a growing schism occurring between the private and public sectors when the solutions on the table are tax rises or reduced public expenditure. The pain of downsizing the public sector will be significant but many argue no more than that which has been, and will be, felt in the private sector through restructuring activity and tax increases.
See full Article.
Posts
