Yet another story proclaiming the death of Keynes
I truly wish that I could believe them. Sadly, our President and his Party seem to think that Keynes is alive and well. I’ll believe Keynes is dead when both Parties agree that no matter how painful, we must reduce spending via real cuts (not reductions in the rate of growth) to a level below current revenue and that the cuts will continue until the budget is balanced and the national debt is gone!
I hope this day will come without a major crisis like what Greece and the rest of Europe is facing. Unfortunately, I don’t think that will be possible. Brace for impact!