With GDP growth tepid due to low private and business demand, "the case for expansionary fiscal...

|By:, SA News Editor

With GDP growth tepid due to low private and business demand, "the case for expansionary fiscal measures, even if they increase the deficit temporarily, is compelling," says ex-Clinton economic adviser Laura D'Andrea Tyson. "Spending in areas like education and infrastructure...have large multiplier effects on the current level of output and employment and strong returns over time."