The Economy: No Half Measures, Please
If the word from Washington is correct, Congress and the President will return after New Year's and begin to argue about the best way to jump-start the ailing U.S. economy. At the end of their labors, they will have produced a package of assorted tax cuts and tax increases providing a net stimulus of $10 billion to $15 billion, peanuts in a $5 trillion economy. Because they will have broken their vow not to undo last year's budget agreement, they'll spend the rest of the year trying to convince the public that they did the right thing.
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