Tuesday, October 16, 2012

U.S. Austerity Measures Hurting Broader Economy

http://www.huffingtonpost.com/2012/07/30/cutting-government-spending_n_1719675.html

This article goes on to describe the effects of taking austerity measures by cutting government spending.  It provides data that cutting government spending doesn't spur growth. Thoughts?  With the deficit and debt limit in mind, do you feel as though the government should stay away from austerity measures, or cut spending?  Which do you personally find more beneficial?

Austerity lovers of the world take note: Cutting government spending hurts the economy and it's not just the Paul Krugmans of the world that say so.

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