And Why You Won’t Either If You Continue Reading
Lost amidst the furor over deficit reduction, raising taxes by lowering them, cutting spending and increasing the debt ceiling is that the
economy has stalled. At this point in time no one knows (though many opine anyway) whether or not the stall is a long term cessation of growth, or a temporary “catching of the economic breath” to be following by a resumption of vigorous growth and lower unemployment. U. S.
Real Personal Income:
What It Means:
The economy has stalled out. The growth engine has shut down. If the stall does not correct itself in the next several month, expansionary fiscal policy is needed, primarily increased government spending on job creating projects.
In short, just exactly the opposite of what the Obama Administration and the Congess are planning to do.
Good luck with that.