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To: bruinbirdman
sudden and severe tightening of fiscal policy

What planet is this yokel from?

2 posted on 08/03/2011 10:18:09 PM PDT by Prokopton
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To: Prokopton
Europe.

He's talking about Europe.

5 posted on 08/03/2011 10:21:17 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Prokopton

He specifies the countries that are reducing government expenditures (I guess, I can’t figure out what he is claiming is being reduced).

If there are reductions of government expenditures they need to be offset by tax rate cuts in order that the fiscal policies are not deflationary. If we were in a recovery, it would take paired cuts to keep it going.


6 posted on 08/03/2011 10:32:34 PM PDT by arrogantsob (Why do They hate her so much?)
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