Let's assume you the reader are a progressive liberal, and while you're finally convinced debt and deficits do matter, you still believe in an activist Fed--a central bank which deploys massive quantitative easing, in an attempt to stimulate the economy. The ol' "pile on more debt short-term to induce sustainable economic growth long-term" argument.
You ignore the warnings from the conservatives, the so-called deficit hawks. Damn the Hoover Institute from Stanford University. Reagan's trickle-down, supply-side economics were a colossal failure in your mind.
Full speed ahead! What we need is QE to infinity to stimulate growth, growth, growth!
Here's a wet splash across the face from everybody's favorite Democratic former President Bill Clinton:
http://nbcpolitics.nbcnews.com/_news/2012/09/24/14071974-as-clinton-sounds-interest-rate-alarm-does-congress-think-its-for-real?lite&ocid=msnhp
Tuesday, September 25, 2012
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