Monday, August 30, 2010

Why We Need a Second Stimulus

We need a second stimulus? We’ve has so many stimuli program injections that I hardly think it’s fair to call it the second stimulus, but that discussion is a moot point.

America needs investment, better debt and fiscal management rather than more "free" money. Expect more of the latter than former as political expediency follows the path of least resistance.

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.

Source: nytimes.com

0 comments:

Post a Comment