Since extending the Bush tax cuts would add trillions to the total debt, Simon Johnson believes...

|By:, SA News Editor

Since extending the Bush tax cuts would add trillions to the total debt, Simon Johnson believes letting them expire would be "the single biggest step our government could take" toward achieving the goal deficit hawks say they want: "a credible commitment to long-term fiscal sustainability [that] should reduce interest rates today, helping to stimulate the economy."