With the recent slowing of an already fragile U.S. economic recovery, an increasing number of experts are becoming convinced that the economy needs help. Economists, columnists, and policymakers have joined a drumbeat stressing ideas that could strengthen the recovery, while warning against policies that risk pushing us back into recession.
What We Shouldn’t Do: Policymakers should adopt a balanced plan—one involving both spending cuts and revenues increases—to rein in medium- and long-term deficits. But with over 20 million people un- and underemployed, now is not the time to institute large budget cuts or tax hikes.
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