The Trillion Dollar Blunder and the Resurgence of the Great Recession
America’s fiscal challenge has become increasingly daunting and we run the risk of plummeting back into recession. Often times the second dip is worse felt than the first. Through too much political posturing and too little actual problem solving, we are facilitating the resurgence of the great recession. The United States fiscal policy has been described as “gas now, brake later,” without clearly establishing how and when to brake. All told, the current stimulus initiatives have added $1 trillion to the national debt.
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