THE PUBLIC DEBATE over the “fiscal cliff,” the combination of
automatic spending cuts and tax rate increases that our nation is
about to careen into in 2013, started the same way Republicans
always begin following an electoral setback: badly. John Boehner
seemed to be negotiating with himself, and conservative pundit Bill
Kristol suggested that raising taxes on millionaires “won’t kill
the country,” as if that were the proper standard for fiscal
policy.
When it comes to jobs—which are the most tangible outcome of government economic policy on actual human beings (remember us?)—the picture is grim. It is unlikely that any foreseeable solution to our short-term fiscal problems will be sufficient to spur the economic growth needed to return millions of unemployed Americans to work.
Read more: http://spectator.org/archives/2012/12/12/prepare-for-the-worst
When it comes to jobs—which are the most tangible outcome of government economic policy on actual human beings (remember us?)—the picture is grim. It is unlikely that any foreseeable solution to our short-term fiscal problems will be sufficient to spur the economic growth needed to return millions of unemployed Americans to work.
Read more: http://spectator.org/archives/2012/12/12/prepare-for-the-worst
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