Government Budget Cutting SLOWS the Economy – That’s Why It’s Called Contractionary Fiscal Policy

America's attention has been focused lately on the unnecessary debate in Congress over the debt-ceiling law. ┬áPart of the motivation (at least the vocalized motivation) for cutting the deficit and trying to limit the national debt, according to both Republicans and the President, is that supposedly government deficits are holding back the economy. They assert … Continue reading Government Budget Cutting SLOWS the Economy – That’s Why It’s Called Contractionary Fiscal Policy