The US president's proposed $1.9 trillion recovery package will provide enormous stimulus to the economy. The economic growth that results will generate substantial tax revenues, not just for the federal government but also for the states and municipalities that are now starved of the funds they need to provide essential services.
Here is Stiglitz, he thinks that some two party philosophy will led us all to take appropriate tiny steps, once again. This is yet another economists too friggen stupid to read the Constitution, and read the news.
We are not going big, precisely because we do not want a bunch of delusional economists dictating policy, nor do we plan to bail out the big states.
Clue: Read the damn Constitution, then apply economic analysis to that read. Otherwise you waste our time.
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