Domestic and Economic Policy

Domestic and Economic Policy

Question 1

US Debt Problem

To begin the question, one must imagine a situation that all of a sudden, if the boss of your company slashes your income and at the same point you did not have any savings, and within the next moment the creditors start threatening you to cancel all your credit cards. At this stage, think what will happen to you? You must look for the ways to settlement your debts with the creditors to come out from the mess.

The situation highlighted above is very much alarming; however, the main issue in the question ...