Monday, Oct 26, 2009

Stimulus

City AM: Slump in tax receipts proof of deep crisis

The government has apparently not been stimulating the economy after all, "In other words, the government is not spending that much faster this year than in previous years. There is no deliberate stimulus, merely an out of control and destructive budget deficit caused by a collapse in tax receipts." So we are going to run out of the ability to provide a non-existent stimulus...

Posted by stillthinking @ 09:57 AM (2060 views)
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