How Much Will The New 2-Year Budget Deal Increase Economic Growth In The U.S.?
If anyone here is an economist. The U.S. is increasing its discretionary budget for the first time in many years, by about 100 billion over the next two years. How much will this increase economic growth in the U.S. over this time period?
It is not increasing the economy, since government spending tends to rely on borrowing to fund the spending above the money taken in. And the debt repayment will eat up the budget in the future.
Short term, depressing interest rates paid out today because of federal manipulations to NOT pay higher interest rates, hurting saving and investing.
And the increased government and spending does not help economic growth - as we can see with the massive bailouts and 2008-2012 spending binges now petering out.
More spending by the feds is not the answer - cutting back on financial transfers that lead many to stay out of the workforce, eliminating a lot of regulation that hampers business growth and ending the economic uncertainty of the feds trying to fix everything would help the economy.
by Barefootfae4 years ago
http://www.cnbc.com/id/100584821The Senate has produced and passed a budget. Of course it's mostly all tax increase and does nothing.....repeat nothing....about the deficit ten years down the road.But there it is. I...
by Jimbo'daNimbo5 years ago
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by AnnCee6 years ago
Former Minnesota governor Tim Pawlenty turned out a blockbuster economic-growth plan this past week, including deep cuts in taxes, spending, and regulations. It's really the first Reaganesque supply-side growth plan...
by My Esoteric5 years ago
Who has done better in economic growth, Bush II or Obama? Think carefully before answering.Using 4th Q 2009 through 1st Q 2012 GDP figures, after things stabilized somewhat from the debacle of the 2008 recessions,...
by Steven Dison5 years ago
Should there be more cuts to budget in the short term, even with the threat of austerity looming?
by Ralph Deeds5 years ago
" ...The defining economic policy of the last decade, of course, was the Bush tax cuts. President George W. Bush and Congress, including Mr. Ryan, passed a large tax cut in 2001, sped up its implementation in 2003...
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