TITLE

How low can the economy go?

AUTHOR(S)
Ebenstein, Lanny
PUB. DATE
May 2009
SOURCE
Liberty (08941408);May2009, Vol. 23 Issue 4, p23
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
The author reflects on the passage of the American Recovery and Reinvestment Act of 2009 by the government and Congress in response to the economic decline in the fourth quarter of 2008. According to the author, funds will be directed to states to allow them to continue to pay public employees' wages and benefits that employees in the private sector do not receive. The author claims that the federal budget deficit will exceed $1.5 trillion, which is about 10% of gross domestic product (GDP).
ACCESSION #
37602232

 

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