Salient to Investors:
Swedish Prime Minister Fredrik Reinfeldt said the US will never afford the welfare benefits enjoyed by Europeans unless it raises taxes, and America’s federal deficit is unsustainable. The OECD says the US has the 4th smallest tax burden relative to GDP, after Mexico, Chile and Turkey.
Global investors say the state of the US finances is the greatest risk to the world economy 36% versus 29% who see Europe’s debt crisis as a bigger threat.
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