Not satisfied that his 20% approval rating is low enough, Japanese PM Naoto Kan wants to raise...


Not satisfied that his 20% approval rating is low enough, Japanese PM Naoto Kan wants to raise the 5% consumption tax. Japan's government spending is twice its revenue, and its debt/GDP ratio exceeds 200%, seemingly leaving lawmakers with few choices, but to raise taxes.

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  • Gary Jakacky
    , contributor
    Comments (2888) | Send Message
     
    <<spending is twice its revenue, and its debt/GDP ratio exceeds 200%, seemingly leaving lawmakers with few choices, but to raise taxes>>

     

    Wow. Who wrote that news bite, the Democrat National Committee?
    4 Jan 2011, 02:34 PM Reply Like
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