Just how big and scary is the fiscal cliff American faces in 2013? Well, there are various estimates, and the folks at the Committee for a Responsible Federal Budget have compiled a bunch of them.
Anyway you cut it, it wouldn’t be a walk in the park.
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic.
It was an unusually feisty weekend in corners of the blogosphere and Twitterverse where dwell economists and economic-policy wonks.
The disappointing first-quarter GDP report dashed hopes that 2013 might prove a breakout year for the U.S. economy.
Where does the blind mindset that government spending creates jobs come from???
It certainly isn’t from real life in the US, or any other government. The interstate highway system didn’t create the auto industry, it was by far and away the other way around. Government spending didn’t create the housing industry (though it certainly created the bubble that lead to America’s Second Great Depression), it was by far and away the other way around.
And these are two of the simplest examples of millions.
So where, exactly, is the source of the ignorance that says government spending creates jobs?
Europe is taking that walk in the park right now. Let’s learn from their mistakes and not overdose on our medicine