“Intending to talk about colleges and worker training, President Obama on Monday suddenly found himself in a spirited election-year debate with a business advisory group about whose tax cuts should be extended and for how long…. ‘If we were going to spend $700 billion, it seems it would be wiser having that $700 billion going to folks who would spend that money right away,’ he said.” (Washington Post)
Cutting taxes is not a form of government spending!
FEE Timely Classic
“The Grasping Macroeconomic Managers” by Sheldon Richman