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Long List of Economists Warn Against Federal Debt Spending
Posted By admin On December 17, 2009 @ 12:40 pm In Economic Crisis | Comments Disabled
December 17, 2009
[efoods]222 economists have signed on to the following statement:
The country’s economic future depends on Congress’ ability to rein in the growth of federal spending. Failing to restrict spending growth will further balloon the national debt, impede economic growth, and threaten the long-term economic health of our Nation. Controlling spending growth to reverse our dangerous debt accumulation can be done without endangering the near-term economic recovery, and will prove beneficial over the longer horizon.
The 2009 near-term “stimulus” has proven to be an inefficient spur to job creation and does not merit repeating. Any further policy efforts should be focused on opening borders to free trade, cutting burdensome regulations, and providing necessary tax relief to employers and employees.
This PDF document contains the signatures.
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