Forget Deficit Reduction: Here Comes Another Stimulus Package  

Oleh:

Cassidy, John

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 164 no. 2 (Jul. 2011), page 47.
Topik: Debt; Federal Spending Cuts; Stimulus Program; Tax Spending; Economic Conditions

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Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.46 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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With all the talk of debt ceilings and federal spending cuts, you might think that era of stimulus programs was behind us. Think again. I strongly suspect that by the end of the summer both parties will be putting together yet another tax spending bill designed to get the economy going. Call it Stimulus 4.0. Such package will fly in the face of efforts to cut the deficit, but that won't prevent it from being enacted. With the economic picture darkening daily, the burden of preventing another slump is falling on the White House and Congress. The Fed, which has just finished its second dose of quantitative easing, seems determined to sit on its hands. Before long, incumbents in both parties will start to panic about next year's election. Debates about the size of the federal government will take a back seat to getting reelected, and the result will be more tax cuts and spending increases.

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