US lawmakers have finally reached an emergency deal to avoid a debt default, after weeks of political bickering and stalemate. If passed by congress, the two-step compromise will permit American borrowing to continue after Tuesday’s deadline, in exchange for more than trillion in federal cuts over the next decade. The deal was struck after Barack Obama held last-ditch intensive talks with Democrat and Republican leaders, on increasing America’s debt limit. However, the political struggle is far from over, with the key issue of how to balance the budget being put off for a later date. But as Marina Portnaya reports, the tortuous and lengthy road to reaching the agreement has damaged America’s reputation. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
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Question by Lag Indicator: How can the United States reduce the national debt?
I won’t be able to look at the answers until I’m home from work, but I look forward to seeing how YA users think we could reduce the national debt. It’s well over $ 12 trillion and still climbing rapidly. It’s not a problem that will go away if we just ignore it, and the interest on that debt is very substantial. The issue of the national debt must be addressed, the sooner the better.
Best answer:
Answer by PIXIE
cut entitlements.cut unearned income credit.
Add your own answer in the comments!
