Economy Needs Another Big Stimulus Push: Krugman

Discussion in 'Politics' started by S2007S, Sep 1, 2010.

  1. They're just borrowing time to convert all their assets into gold, stein.

     
    #11     Sep 2, 2010
  2. toc

    toc

    Cut the spending which makes it easy to cut the taxes for middle and lower classes and this in turn leads to more consumption by bigger chunk of the population which results in more jobs creation which eventually leads to more tax revenues to the government.

    Bastard politicians do not understand that cutting the spending and balancing the budgets is the better step towards fiscal house cleaning.

    More importantly this route of increasing consumption also, in parallel, leads to automatic 'debt detoxification' of the whole economy.

    US needs to cut annual spending by atleast $1T and preferbly by $2T for the next 10 years..................tough but very possible.

    :D
     
    #12     Sep 2, 2010