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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: dougjn who wrote (8684)10/1/1998 12:37:00 PM
From: Derrick P.  Read Replies (3) | Respond to of 22640
 
Cut spending and/or raise taxes.

Wouldn't that lead to a recession/depression?

The US budget deficit has declined due to increased corporate profits and incomes generated by a strong economy. Yes they raised taxes but not oppressively.
I do not know much about Brazil's social spending and tax structure. Do they have room to cut programs and raise taxes without depressing the economy?

Derrick


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