Tuesday, November 11, 2008
Federal Fiscal Stimulus Should Be $2 Trillion
The US should match China with a fiscal stimulus package that totals $2 trillion spread over 4 years. This would add about 3.5% to annual GDP and will help counterbalance the massive declines in GDP from the consumer, corporate and local government sectors. It should be front end loaded and scaled down over the 4 years.
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