“The Austerity Debacle” by Paul Krugman (TIMES, 1/30/12)


          Thanks to Paul Krugman for another warning that rigorous self-denial is the way to bring an end to the current depression. It is definitely  NOT the path to follow!

          What is needed now to revive the economy is a massive federal jobs program which would at the same time repair our sagging infrastructure.

          We can’t wait until Obama is re-elected to get the ball rolling. That reasonable expectation (given the sorry candidates the Republicans are running) is a long nine months away.

          Putting people back to work will generate support for the president’s re-election, and a genuine economic recovery would be underway.

 

          A. Garavente

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