Huntsman To Call For "Bold" Reform

Reuter reports:

Republican Jon Huntsman, President Barack Obama's former ambassador to China, will say the country must make "hard decisions" to deal with its debt on Tuesday as he formally enters his party's 2012 presidential nomination race.

He will call for "broad and bold" changes to tax laws and regulations and say the country should seek energy independence and boost job creation, according to excerpts of his speech, which gave no specifics.

"And we must make hard decisions that are necessary to avert disaster," the former Utah governor said, painting a bleak picture of what it would mean for the country if it does not reduce its debt load.