Why Deficit Hawks Are Killing the Recovery

by Robert Reich, RobertReich.org

5.28.10

“Without consumers opening their wallets, and without government making up the difference, we’re careening toward a double-dip recession. The long-term deficit (i.e. Medicare as boomers become seniors) needs attention, but right now it’s critical for government to spend. Otherwise we have no hope of getting free of the gravitational pull of this recession.”

http://robertreich.org/post/640818666/why-deficit-hawks-are-killing-the-recovery