Friday :: Jul 8, 2011

Open Thread

by Mary

Republicans spout the evils of raising taxes as job-killing. How come there isn't an equally loud response that cutting spending in this economy kills jobs? In today's job report, 39,000 people were let go from state and local governments. And Republicans want to make it worse by expanding the job killing to the federal level. As Krugman says,

The situation cries out for aggressively expansionary monetary and fiscal policy. Instead, however, all the political push is in the opposite direction.

The austerity caucus is driving this economy into the ditch!

Mary :: 7:59 AM :: Comments (7) :: Digg It!