Monday, November 21, 2011

A Mashup of Deficits

Earlier in the year Congress seemed to heed the call of the conservative camp appearing firmly on the path of austerity, and following the lead set in England.  
But economist Nouriel Roubini, or Dr. Doom, argued more stimulus was needed, otherwise there would be another Great Depression.   It was similar worries by Democratic members of the deficit reduction committee or Supercommittee that led to significant differences of opinion between the policy makers and ultimately a failure to reach a deal

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