GREY:CRMXF - Post by User
Comment by
twaveron May 25, 2012 10:24am
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Post# 19945820
RE: The World needs me!
RE: The World needs me! Alan Blinder says virtually the same thing. The problem with this approach is that we have been spending WAY more than we are taking in for YEARS - in Europe and in the U.S. We keep deferring the austerity into the future while we dig ourselves a deeper hole. Politicians never have the stomach to make the cuts. And the people will whine. Government stimulus looks good on paper but rarely works. First, when you put a wadd of money in the hands of a politician, it goes out the back door to friends and pet projects. Better to leave it in the hands of those who earn it.