A personal blog from librarian who is progressive and pagan, discussing politics, current events, and books.
Tuesday, February 24, 2009
Why Cutting the Deficit is Bad AT THIS MOMENT
Obama has called for reducing the deficit. Normally I'd be all for that, but have been seeing a lot of economists explain why this is a bad idea now, and until we get out of the current recession...or looming depression. Here's Robert Reich with a good summary of the arguments I've seen from more than one economist on the issue.