Posted on 08/29/2010 9:02:44 PM PDT by vrwc1
OUR national debate about fiscal policy has become skewed, with far too much focus on the deficit and far too little on unemployment. There is too much worry about the size of government, and too little appreciation for how stimulus spending has helped stabilize the economy and how more of the right kind of government spending could boost job creation and economic growth. By focusing on the wrong things, we are in serious danger of failing to do the right things to help the economy recover from its worst labor market crisis since the Great Depression.
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By easing capital market concerns about the government’s future borrowing needs, such a plan would permit larger deficits and slower debt reduction while unemployment is still high. The long-run debt problem — the result of imprudent fiscal decisions before the recession, escalating health care costs and an aging population — must be addressed once the economy has recovered. But for now the priorities of fiscal policy should be jobs and investment.
Laura Tyson, a professor at the Haas School of Business at the University of California, Berkeley, was chairwoman of the Council of Economic Advisers and the National Economic Council in the Clinton administration. She is a member of President Obama’s Economic Recovery Advisory Board.
(Excerpt) Read more at nytimes.com ...
They just can't bring themselves cut spending...they're addicted to our money.
NO
NO
NO!
2nd? Haven’t we already had 3?
Why we need to remove Dems and RINO’s from office come November is the more likely mantra or headline.
We might need a stimulus — it wouldn’t be the 2nd though, since last year’s bill didn’t stimulate anything, being totally inappropriate for the task.
Go back to the chicken biz, Laura.
Lets see here. If you are unemployed and over $300k in debt, the best thing you can do to get out of your financial situation is run up your credit cards to the max. Makes sense to me...
Go back to the chicken biz, Laura.
THIS is why I can no longer tell the ‘satire’ threads from the news threads.
You are an idiot.
Love,
The Taxpayers
Nice, who’s getting billions this time round?
Even the dims are running away from this talk. Laura Tyson is a commie pinko dope who has no credibility. I hope Obummer bites this hook. His poll numbers will be to 15% in notime.
They honestly just don't get it.
Me thinks Laura has been a little to close to that nutcase Krugman.
These people will take us ALL unless we say NO NO NO!!!
Stand up or go DOWN!
We don’t need anymore fake spending. I want Obama to tell me what that MUF hit was in Sept. 2008. It was a financial attack on our investment industry that was never explained.
BTW I refied my loan on Friday at 4.5 and the banks have money.
Obama hasn’t even got done spending all of the first (second?) Stimulus Package. Waiting for a fresh influx this October, and then again in October ‘12. Oh, and that “emergency” teacher’s fund? Those funds can be distributed all the way out to.....Nov. ‘12. Buying votes isn’t illegal if you know how to do it correctly. And even better when you can use someone else’s money!
Query: If Libs believe massive government economic stimuli are good for us all, why do they not propose a new one every quarter, or monthly?
I’m figuring the real stimulus is scheduled for November.
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