December 4, 2012 at 5:56 pm
#778621
wakeflood
Participant
The Obama admin has proposed keeping it in place for at least the short term.
Which raises one of the most basic questions I don’t see being discussed publicly about the “fiscal cliff” and that’s the concept of using recovery triggers to phase out the still needed gov’t support of the private sector.
It’s not rocket science. You stimulate now (INFRASTRUCTURE PLEASE!!!) and you time the pull back of those supports to accepted rates of private sector recovery – namely employment rate, etc.
You don’t need antibiotics forever.
Oh yeah, I forgot the austerity fetishists and the confidence fairies don’t really care about the recovery. They’re just using the opportunity to tear down the safety net.