The Stimulus-Sequester Seesaw

What Will Determine Whether Austerity Prevails?

Tighten Your Belt - Austerity

Over the past year, the United States has seesawed from stimulus to sequester. Right now, we’re cutting spending in order to reduce the nation’s deficit, but in President Obama’s first term, we spent in order to stimulate the nation’s moribund economy. Will we, and the rest of the world, choose to stay on this path of austerity—which Europe is hoping will bring the E.U. out of its current economic crisis? Or will we try to save ourselves by spending? In advance of “Is Economic Austerity Good For Us?”, a Zócalo …

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