Thursday, January 28, 2010

the budget freeze that isn't

edward lazear, chairman of the president's council of economic advisers from 2006 to 2009, writes an important article about the effect of the proposed budget freeze and other fiscal concerns.

Let us pay close attention to the president's message. But let us not be confused by promises of jobs, coupled with fiscally responsible sounding language that masks the underlying irresponsibility of budget decisions. Proposals that increase taxes and spending, even if they do not increase the deficit, will place a substantial burden on our recovering economy and on future economic growth.

full article

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