TITLE

The Case for Bigger Government

AUTHOR(S)
Sachs, Jeffrey D.
PUB. DATE
January 2009
SOURCE
Time International (Atlantic Edition);1/19/2009, Vol. 173 Issue 3, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on ways to offset the U.S. deficit as the U.S. tries to recover from the 2008-2009 financial crisis. The article points out that U.S. President-elect Barack Obama may want to spend up to 25% of the gross domestic product (GDP) for recovery when the tax system only collects 18%. Ideas for increasing taxes and cutting spending to raise the GDP are presented, including investments in infrastructure and carbon and gasoline taxes.
ACCESSION #
36095563

 

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