Wednesday, June 8, 2011

Feldstein Holds Obama's Policies Accountable For Slow US Economic Growth

From The Wall Street Journal, "The Economy Is Worse Than You Think: Expect more bad news until someone enacts a plan to bring deficits under control without raising taxes" by Martin Feldstein:
The policies of the Obama administration have led to the weak condition of the American economy.
The economy will continue to suffer until there is a coherent and favorable economic policy. That means bringing long-term deficits under control without raising marginal tax rates—by cutting government outlays and by limiting the tax expenditures that substitute for direct government spending. It means lower tax rates on businesses and individuals to spur entrepreneurship and investment. And it means reforming Social Security and Medicare to protect the living standards of future retirees while limiting the cost to future taxpayers.
Read the complete article here.

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