Submitted by letsgetitdone on Wed, 06/30/2010 - 4:04pm
James K. Galbraith
Cross-posted from New Deal 2.0.
President Obama and his economic team face a daunting challenge: how to deliver economic growth they know can only come from deficit spending, while deferring into the future the "fiscal consolidation" which is being pressed on them by practically everyone, from Peter G. Peterson to Angela Merkel. Read below the fold...