Chaos Dead Ahead

Russ Winter of Winter Watch joins the Wall Street Examiner’s Lee Adler as they discuss the potential for political and financial catastrophe in the days ahead. Lee says that a failure to raise the debt ceiling will result in economic chaos, and that’s just what certain politicians want. Russ argues that they are not extreme, but that the market must pay the consequences.

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7 comments for “Chaos Dead Ahead

  1. August 6, 2011 at 7:34 pm

    I just checked the breakdown. Canada’s provincial taxes are 12% of GDP. That’s the highest provincial tax rate in the world. That’s because the provincial governments collect the taxes for and run the health care systems. 12% is dirt cheap given that. I don’t know what portion of that is for health care. Even if it’s all but 1% compare that to the 19% of GDP that the US health care system costs.

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