8.15.2011

Stupid is as stupid does

The Bad Thing About Cutting the Deficit Right Now

The basic issue, and the one which ought to have people running around like their hair is on fire, is the unemployment rate. That, combined with the interest rate, shows you that deficit reduction is the stupidest possible policy at the current time. This is a very important issue, and the current President of the USA is on the wrong side of it.

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