Comments on: Promises, Promises, Promises http://donklephant.com/2008/10/31/promises-promises-promises/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sun, 22 Nov 2009 23:08:28 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Avinash_Tyagi http://donklephant.com/2008/10/31/promises-promises-promises/comment-page-1/#comment-422281 Avinash_Tyagi Fri, 31 Oct 2008 21:50:44 +0000 http://donklephant.com/?p=10098#comment-422281 Should we even be concerned with the budget at this point Alan, i've stated before that the only way out of this recession is for the government expenditure to grow, since consumer spending and private investment will fall over the next few years. Even Paul Krugman seems to agree "No, what the economy needs now is something to take the place of retrenching consumers. That means a major fiscal stimulus. And this time the stimulus should take the form of actual government spending rather than rebate checks that consumers probably wouldn’t spend." http://www.nytimes.com/2008/10/31/opinion/31krugman.html?partner=rssuserland&emc=rss&pagewanted=all While the debt is a danger i've railed against in the past, right now our immediate concerns require that the government spend, and spend fast Should we even be concerned with the budget at this point Alan, i’ve stated before that the only way out of this recession is for the government expenditure to grow, since consumer spending and private investment will fall over the next few years.

Even Paul Krugman seems to agree

“No, what the economy needs now is something to take the place of retrenching consumers. That means a major fiscal stimulus. And this time the stimulus should take the form of actual government spending rather than rebate checks that consumers probably wouldn’t spend.”

http://www.nytimes.com/2008/10/31/opinion/31krugman.html?partner=rssuserland&emc=rss&pagewanted=all

While the debt is a danger i’ve railed against in the past, right now our immediate concerns require that the government spend, and spend fast

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