Hysteria Over the Deficit Has Ground the Recovery to a Halt
Robert Reich's Blog / By Robert Reich
"The government is heading in exactly the wrong direction: raising taxes on the middle class, and cutting spending.
We are in the most anemic recovery in modern history, yet our political leaders in Washington aren’t doing squat about it.
In fact, apart from the Fed – which continues to hold interest rates down in the quixotic hope that banks will begin lending again to average people – the government is heading in exactly the wrong direction: raising taxes on the middle class, and cutting spending."
Read the rest of the article here
"The government is heading in exactly the wrong direction: raising taxes on the middle class, and cutting spending.
We are in the most anemic recovery in modern history, yet our political leaders in Washington aren’t doing squat about it.
In fact, apart from the Fed – which continues to hold interest rates down in the quixotic hope that banks will begin lending again to average people – the government is heading in exactly the wrong direction: raising taxes on the middle class, and cutting spending."
Read the rest of the article here
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