Quote:
Originally Posted by Iowa_Flames_Fan
Further to that last point, here is Paul Krugman's take on fiscal policy and the economy. He's talking about the U.S., but our economic fortunes are tied to theirs, like it or not:
http://www.nytimes.com/2008/12/01/op...gman.html?_r=1
Krugman is a pretty well-respected economist. He won one of those Nobel Prize thingies. My inclination is to think he knows what he's talking about. Note in particular the historical argument: |
Well no s**t cutting spending and
raising taxes would be a bad idea. Where was anyone suggesting this? I think both sides of the floor can agree that this would be stupid.
Raising taxes/cutting spending is not the opposite of raising taxes/raising spending (which most Conservatives are scared the NDP/Liberals would do).
Maybe I just misunderstood the point you were trying to get across...