Economists Call for More Government Spending and Tax Reductions

July 20, 2010 Leave a comment

A group of prestigious economists have called for further increases in government spending and a reduction in taxes.

With all of the talk about debt reduction and deficits, a group of important economists have called for more spending and cut taxes.  This will raise deficits in the short-term, but it will help reduce unemployment and stabilize the economy.  There is increasing talk about a double dip recession; and this policy will help the local economy where there is still significant unemployment and housing foreclosures.

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Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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