Wednesday, September 28, 2011

Fiscal stimulus now

Make me continent and chaste, but not yet.

St Augustine

Not a lot of movement on a fiscal problem in the US because no one wants austerity now, and when the future comes, there will be no desire for austerity then.The grand bargain may be a stimulus package today but real cuts in entitlements for tomorrow. Higher premium, new age requirements, cut is subsidies. All are  needed as part of the bargain.

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