If one accepts the findings of David Leonhardt's June 9, 2009 New York Times analysis, the stimulus package and the proposed Obama initiatives in energy, health care, and education, at face value contribute only 10% to our future sea of red ink. But 10% is a huge number. In business, smaller percentages make the difference between prosperity and failure.
adapted from: David Leonhardt. Economic Scene: America’s Sea of Red Ink Was Years in the Making. New York Times. June 9, 2009.
The central issue may be the extent to which policies contribute to the "business cycle." This is the overall economy - jobs, productivity, markets, and the other factors that lead to social prosperity.
Perhaps its not the proposals per se. It's hard to argue against better education, health care, and energy policy. Perhaps instead its just the very real argument about how current policies will influence not only the well-being of Americans but our collective future economic prosperity.
The central issue may be the extent to which policies contribute to the "business cycle." This is the overall economy - jobs, productivity, markets, and the other factors that lead to social prosperity.
Perhaps its not the proposals per se. It's hard to argue against better education, health care, and energy policy. Perhaps instead its just the very real argument about how current policies will influence not only the well-being of Americans but our collective future economic prosperity.