The Real Fiscal Cliff Is Economic Growth [View article]
It is the best statement in recent months! I agree with you: ‘No matter how you seek to deal with the problem, either with cutting spending on the military, throwing grandma from the train, or raising taxes on any segment of the population, you're taking money out of the economy, and cutting back on growth. It's a fiscal brake that will be applied for the next decade. The air has to be let out of that balloon gently, slowly, with a long-term plan that adjusts cutbacks to growth automatically.’
The Real Fiscal Cliff Is Economic Growth [View article]
‘No matter how you seek to deal with the problem, either with cutting spending on the military, throwing grandma from the train, or raising taxes on any segment of the population, you're taking money out of the economy, and cutting back on growth. It's a fiscal brake that will be applied for the next decade. The air has to be let out of that balloon gently, slowly, with a long-term plan that adjusts cutbacks to growth automatically.’