Sunday, January 8, 2012

A Fiscal Policy Game-Changer In 2012?

[ via Business Insider ] 8 Jan

A lot of time and effort is spent analyzing what the US Federal government will do with regards to spending. The bad news, from a growth point of view, is that there's very little scope for the government to do more, for political reasons. 

The good news is that it's too politically costly to actually cut spending, so despite the seeming salience of spending cuts, it never actually happens. And at least for 2012, government spending "cuts" won't subtract too much from growth.

Read more: Business Insider

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