Hey, don't blame me!
We have dug ourselves a hole from which there is no un-digging. If we had reasonably high rates of growth and employment, interest rates would rise and the cost of servicing the government's debt would bury us alive.
“That’s because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue.”
So should we stop resisting and simply facilitate higher government spending, and tax INCREASES? That’ll really stagger us. If a thief is pushing on my front door, and im pushing it closed, gridlock is my friend until i can gain an advantage.
“That’s because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue.”
So should we stop resisting and simply facilitate higher government spending, and tax INCREASES? That’ll really stagger us. If a thief is pushing on my front door, and im pushing it closed, gridlock is my friend until i can gain an advantage.