Monday, March 28, 2011

Stiglitz: Budget plan a 'near suicide pact'

Stiglitz: Bowles-Simpson plan will slow economic growth - Mar. 28, 2011:

By Charles Riley, staff reporter,

"...Nobel economics laureate Joseph Stiglitz issued a harsh indictment of the Bowles-Simpson deficit reduction proposal Monday, arguing the plan would slow economic growth and lead to a weaker America.

If enacted, the plan would be 'counterproductive' and 'constitute a near-suicide pact,' Stiglitz wrote in an op-ed published in Politico."

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