Our politico-economic problems in one easy paragraph

Ezra sums it up perfectly today:

It has long been a frustration to the more economically minded that spending more and cutting taxes to support the economy now and spending less and raising taxes to cut the deficit later are considered incompatible in Washington. They should more properly be thought of as complementary: The spending now supports the reductions later, as the money puts people back to work — it’s very hard to cut the deficit with high unemployment — and makes the investments necessary for businesses to act aggressively when the economy comes back and they see opportunities again.

About Steve Greene
Professor of Political Science at NC State http://faculty.chass.ncsu.edu/shgreene

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