Global debt problems cause Jack Mintz to argue for risk-management planning
Europe already faces debt crises in Portugal, Ireland, Greece and Spain, while major question marks surround Belgium and Italy. Dark clouds have also descended upon the U.S. financial system.
Jack Mintz examines these debt problems in his latest Financial Post article.
Mintz argues that politics in the U.S. is preventing necessary policy action, and Europe’s debts are just being pushed farther out into the future. Among his policy recommendations are for the U.S. to adopt a value-added tax, lower overall tax rates and remove preferences for mortgage interest deductions.