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The New DU. Reply #36: Based on sound economic theory ... this is a false premise to begin with.
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dawg
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Sun Jan-16-11 12:02 PM
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| 36. Based on sound economic theory ... this is a false premise to begin with. |
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Austerity measures SHOULD NOT BE EMPLOYED!!! That is Hooverism, and if seriously pursued, will lead us to a double-dip recession and possibly a deflationary depression.
If I were king I would have let the upper end tax cuts expire, but I would have recycled that money into aid to state governments. All other tax cuts would have been temporarily extended. Unemployment benefits extended. No new "stimulus" tax cuts - that money instead would have gone into infrastructure spending.
To hell with the deficit right now - we've got hungry kids. If Wall Street threatens us with a vote of no confidence - they can go buy some fucking Euros. Good luck with that.
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