Spending Isn't the Problem, Austerity Is

Schlesinger, Robert
March 2013
U.S. News Digital Weekly;3/15/2013, Vol. 5 Issue 11, p17
The author emphasizes that austerity and not spending poses the real problem to the U.S. economy. He rejects the argument by Republicans that the country's spending is out of control. He notes that federal spending increased by only 0.6% between 2009 and 2012 based on data from multinational mass media corporation Bloomberg. He stresses that the "Wall Street Journal" reported that austerity has been the single major factor that hampered job growth.


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