Saturday, February 23, 2013

George Will: The manufactured crisis of sequester - The Washington Post

 

A similar jeremiad was heard in 1943 when economist Paul Samuelson, whose Keynesian assumptions have trickled down to Obama, said postwar cuts in government would mean “the greatest period of unemployment and industrial dislocation which any economy has ever faced.”

Federal spending did indeed shrink an enormous 40 percent in one year. And the economy boomed.

George Will: The manufactured crisis of sequester - The Washington Post

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