Wednesday, January 7, 2009
Stimulus aside, Obama vows future budget restraint
Obama balances massive stimulus with talk of long-term budget belt-tightening
As long as fiscal conservatives continue to have a vice grip on economic policy, we will repeat, endlessly, this pattern of several years' recovery followed by slump or crisis because of fiscal drag. Keynes called it, "Running in a state of perpetual, semi slump."
Read story here.