Monday, May 2, 2011

Economic Growth Key to Reducing Debt

James Glassman, National Review
he current economic debate in Washington has focused on how to constrain the federal debt through fiscal policy — that is, finding the right level of spending and taxes. But that discussion is far too limited. While holding down the debt would be a worthy accomplishment, it’s the wrong ultimate goal. The right goal is growth. We should be thinking about better fiscal policy as one means — among many — to increase growth, and we should be thinking about growth itself as the way to have less debt and unemployment and more opportunity and ...

Source: http://www.realclearpolitics.com/2011/05/02/economic_growth_key_to_reducing_debt_254742.html

Chuck Hagel Chuck Schumer Claire McCaskill Colin Powell Condoleezza Rice

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