Economic Experts Say Politics Has Doomed The US [View All]

Economic Experts Gather In DC To Explain Why Politics Has Doomed Us
BRIAN BEUTLER DECEMBER 9, 2011, 6:00 AM

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In their paper, and their presentation, the authors listed several steps governments and government-aligned institutions could take to hasten recovery. But in the U.S., the most important step would require more, not less, government spending — and that’s just not in the cards given the current state of American politics.

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To provide the stimulus, the authors strongly favor the U.S. government acting as a direct purchaser and hirer, instead of increasing program benefits and otherwise putting more money in consumer pockets, as the payroll tax cut is designed to do. But in either case, the government isn’t prepared to act in proportion to the problem, if at all.

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