When have economists ever agreed on the proper course for a government to take to get out of trouble? Yet, we just read a great article in The Hill headlined “Economist survey: Deficit reduction should rely more on spending cuts.”
We must admit that the article went on to identify the economists as members of the National Association for Business Economists, but still.
And there’s this: “… the poll also found broad support for raising fresh revenues, through a comprehensive overhaul of the tax code, to eat into the national debt.”
Read the rest of the article. The economists didn’t exactly all agree, but there is a good summary of the long, drawn-out budget negotiations in Washington DC, and some discussion of other ways to get out of the deficit mess and start to reduce the national debt.
It’s nice to know that somebody cares.