The debt sky

posted by
August 7, 2011
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"Even if we accept the Keynesian framework for the sake of argument, we might wonder about an economy that is so fragile it won’t survive modest reductions in the rate of increase in government spending. Even the New York Times sees what’s going on: 'There is something you should know about the deal to cut federal spending that President Obama signed into law on Tuesday: It does not actually reduce federal spending.'" (08/05/11)  

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