Can higher taxes save the US from bankruptcy? New Yorkers answer
23 Jul, 2011 05:08
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.