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

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."
Comments (4)
  • BlueOkie
    , contributor
    Comments (4514) | Send Message
     
    I agree spending on education and infrastructure has a mulitpier effect. The problem is who is doing the spending. It shouldn't be the federal gov't, picking losers but the local level picking winners. Decentralize control and let's try reading the 10th Amendment into our policy.
    16 Dec 2012, 08:15 AM Reply Like
  • BruceInKY
    , contributor
    Comments (404) | Send Message
     
    What is being multiplied are the problems, not the solutions. My local school board has one of the largest fleets of buses in the nation, a billion-dollar budget, and steadily declining standardized test scores.
    16 Dec 2012, 09:59 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    Apparently, the proof is in the spreadsheets.
    16 Dec 2012, 11:41 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Government is in the business of government and the deficit certainly has multiplied.

     

    If we cannot get growth without leverage then the economic engine needs work. So let's raise taxes. Whoops that is like pulling out the spark plugs. How about increasing regulation? Whoops that is like crimping the gas line.

     

    This is almost comical it is so incompetent. Need to diversify out of USD.
    16 Dec 2012, 12:24 PM Reply Like
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