Why U.S. Spending Cuts Won’t Kill Too Many Jobs
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Jan. 10 (Bloomberg) -- The U.S. began the year with anawkwardly arranged deal that raised taxes. I hope it doesn’t endthe year without a deal to limit spending.
The U.K. may have embraced austerity too soon, but the U.S.is far enough along in its recovery that it can begin balancingits books. An impressive new series of papers has estimated theimpact of public spending on jobs during the recession, andconcluded that we can make moderate budget cuts without sendingthe economy into a tailspin.