The business of America. (Correspondence).
American Prospect, The, January, 2002 by Lincoln, Jetson E.
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SOMETHING CAN BE ADDED to Robert Kuttner's column on the need for new public outlays in a time of serious recession and public-health and domestic-security challenges ["The Business of America," December 3]. Organized business is not the only obstacle to this spending. The public has built a large fear of federal budget deficits, and sadly, some in the Democratic congressional leadership are helping to keep it alive.
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Liberals should attack this fear of budget deficits during downturns by pointing out that it is based on incorrect appraisals of inflation surges in certain ...
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