The U.S. economy is “slowly becoming more depressed” and spending
being pursued by politicians in Washington will just “create more
poverty,” says Nobel Prize-winning economist Edward C. Prescott.
Indeed, many economists believe that government spending is the root of the nation’s economic ills, in sharp contrast to the advocates for the welfare state and government economic control who bemoan the automatic cuts under the sequester. They say the spending cuts of $85 billion per year under the sequester program, being reviled by those in favor of an expanding welfare state, are “piddling.”
Indeed, many economists believe that government spending is the root of the nation’s economic ills, in sharp contrast to the advocates for the welfare state and government economic control who bemoan the automatic cuts under the sequester. They say the spending cuts of $85 billion per year under the sequester program, being reviled by those in favor of an expanding welfare state, are “piddling.”
No comments:
Post a Comment