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Business
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Number of pages / Number of words: |
5 / 1339 |
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When the United States borrows from foreign countries to try and reduce the deficit, the interest rates in the United States rise and reduce the supply of domestic savings (Mikesell 2003). Foreign investments tend to reduce the effects of the deficit while at the same time enhancing domestic saving (Mikesell 2003)...
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Foreign investments tend to reduce the effects of the deficit while at the same time enhancing domestic saving (Mikesell 2003). At first this didn't seem believable, though after thought, if the United States doesn't increase taxes citizens are able to save more. However, my opinion is that citizens may not be able to save since many of our jobs are being sold to foreign companies so they will help us with our debts...
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