Tuesday, October 27, 2009

Editorial - The Case for More Stimulus - NYTimes.com

 

Lawmakers in both parties fret that large budget deficits preclude more stimulus, lest the burden of debt outweigh the benefit of deficit spending. Both arguments are wrong.

If anything, ongoing economic problems are a sign that stimulus needs to be bolstered. Deficits are a serious issue, but the immediate need for stimulus trumps the longer-term need for deficit reduction.

The Senate could take a step in the right direction by extending unemployment benefits without further delay. That is the single most effective way to boost consumption

Next, Congress and the administration should agree on ways to ease the dire financial condition of the states

Without another round of effective stimulus, the worst recession in modern memory will likely become — at best — the weakest recovery in modern memory.

Click on the following for this editorialEditorial - The Case for More Stimulus - NYTimes.com

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