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  Topic: Austerity? Federal Spending
Set To Climb 2% This Year
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Austerity? Federal Spending
Set To Climb 2% This Year

Investors Business Daily, by John Merline

Original Article

Posted By:Desert Fox, 1/31/2013 7:57:32 PM

In the wake of Wednesday´s news that the economy contracted slightly in the last three months of 2012, Senate Majority Leader Harry Reid laid the blame on budget cuts. "The economy was rejecting the austerity and brinksmanship," he said. That theme — that spending cuts are putting economic growth at risk — has been gaining traction these days, particularly among those on the left. Rep. Chris Van Hollen, D-Md., said the GDP drop showed that pushing "big austerity measures now will hurt the recovery."

  

Post Reply  

Reply 1 - Posted by: Trigger2, 2/1/2013 5:37:33 AM     (No. 9151787)

After 4 years of outrageous spending to the point where the economy contracts isn´t enough for Reid. Spend more is the ticket so the economy can more speedily contract?


Reply 2 - Posted by: treecat, 2/1/2013 7:20:42 AM     (No. 9151864)

My - ´slide-ruler´ shows 12% to 14.02%.

Go figure?


   

 

  


 

Post Reply   Close thread 721520




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