On Mon, Jul 21, 2008 at 5:46 AM, Marvin Gandall <[EMAIL PROTECTED]> wrote: > I expect the main policy thrust to be higher interest rates and cuts in > social spending to contain the mounting bailout-related fiscal deficit, > which translates into austerity for the working class rather than the rich.
why does the Federal government have to worry about the fiscal deficit? it seems that a bigger deficit could be appropriate in a severe recession. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
