Budget follies by Rakesh Bhandari 07 January 2002 20:27 UTC < < <
>--if the spending (and tax cuts) are targeted right, etc. you are assuming that underconsumption is the problem. See Fred M's recent reply to Jim D. %%%%%% CB: Does the Rakesh B/Fred M. position ( cuts in investment spending, not reductions in ultimate consumer spending trigger ? recession, as I understand it) imply that there are no reform govt. measures that will lessen recessions ?
