I don't see any evidence that the figures show more effective growth.
I think a larger stimulus package could have had more effect, and that the stimulus generally could have been carried out more effectively.
There is hell to pay in the future if we do not raise taxes. The current "plan" seems to be to leave much of the deficit bridging to the states, many of which are planning to close their gaps not with graduated income taxes on Americans who can afford to pay, but with cuts to higher education, Medicaid, and mass layoffs of public employees. I anticipate that the ripples of the state-level crises will also force many private sector employers to cut jobs, cut hours, cut wages, or shutter their doors altogether.
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Date: 4/3/11 19:38 (UTC)I think a larger stimulus package could have had more effect, and that the stimulus generally could have been carried out more effectively.
There is hell to pay in the future if we do not raise taxes. The current "plan" seems to be to leave much of the deficit bridging to the states, many of which are planning to close their gaps not with graduated income taxes on Americans who can afford to pay, but with cuts to higher education, Medicaid, and mass layoffs of public employees. I anticipate that the ripples of the state-level crises will also force many private sector employers to cut jobs, cut hours, cut wages, or shutter their doors altogether.