Solve the Fiscal Cliff with Higher Spending
Posted at 2:15 p.m. on Dec. 13, 2012
Robert Reich: “It’s dangerous to the economy…precisely because it requires too much deficit reduction, too quickly. It would suck too much demand out of the economy… In reality, the best way for America to reduce future budget deficits is through more jobs and faster growth.”
“In fact, if there was ever a time for America to borrow more in order to put our people back to work repairing our crumbling infrastructure and rebuilding our schools, it’s now… They’re justifiable as long as the return on those investments — a more educated and productive workforce, and a more efficient infrastructure, both generating more and better goods and services with fewer scarce resources — is higher than the cost. America should be enlarging these investments, not cutting them.”
