| A Path to Balance: A Strategy for Realigning the Federal Budget
Ettlinger, Michael et al.
Center for American Progress, December 2009, 24p (PDF)
"It’s time to show the world that the U.S. government has a path to reducing its budget deficits. Current projections show that annual deficits will be running at above 4 percent of gross domestic product and be on the rise even once the nation is well clear of the Great Recession. That’s too high. The mere prospect of large sustained deficits poses risks to financial markets, endangers the rest of the economy, and undermines U.S. standing in the world. The reality of those deficits would mean pirating public expenditures away from needed public services and investments into the sinkhole of debt service. No one seriously denies that we face a real fiscal challenge. We need lower deficits."
Michael Ettlinger is the vice president for Economic Policy at American Progress.
Go to the
report at:
http://www.americanprogress.org/issues/2009/12/path_to_balance.html
B10/01-10 - Posted January 28, 2010
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