February 17, 2012

Federal Government Prevents Another Recession

By Glenn

Why is Europe sliding into recession and we are staying above water?  The Federal Government.  Europe is essentially a confederation; it is multiple states with a single currency.  Unlike the US they have no central government or bank to off set the cuts in individual states.  As Paul Krugman explains, the US federal government should being doing MORE, but doing LESS would mean a depression.

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