The DSM Register says “Congress should be considering further economic stimulusâ€.
Filed Under: Current Events, Economy, Featured
The Des Moines Register’s Editorial on Monday, June 27, 2011 was titled “Steep budget cuts now could harm economyâ€.
Summary – The Register’s Editorial group pointed us once again to the “nonpartisan fiscal agencyâ€, the Congressional Budget Office (CBO). They quoted the CBO’s “dire warning about unsustainable federal deficitsâ€, but cautioned that the report also “warned that steep cuts right now could make the nation’s fiscal condition even worse by kicking the legs out from under the economyâ€. Also on June 27th, The Wall Street Journal’s front page led off with an article titled “Debt Hamstrings Recoveryâ€[1]. The WSJ’s Tom Lauricella notes “Around the globe, the inability of governments and households to reduce their debt continues to cast a shadow over …