Economic conditions provide little scope for reducing deficits significantly further over the next year or two; indeed, premature fiscal tightening could put the recovery at risk. Over the medium- and long-term, however, the story is quite different.
http://www.theatlantic.com/business/...-deficit/64084
The Republican mantra of cut spending now not only flies in the face of what Bernanke advises, but it could send the country back into a recession.
However, economic experts have long said that it has been the government spending that stopped America from sinking into a Depression. Most of my fellow Conservatives refuse to accept this as fact.
Should we allow ill-informed Conservatives to send America back into a recession, maybe even a depression?
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