We agree with Nobel Prize winning columnist of the New York Times, Paul Krugman who writes how utterly stupid it would be to cut stimulus spending now. We add to that “just when the U.S. economy is facing a headwind from a perceived slowing China as well as the sovereign debt crisis impacting Southern European.” It would be like using kindling wood to try to get a fire going that has not yet caught. Do you stop adding kindling? That would only increase the uncertainty that you will NEVER have a fire! The stimulus money is like kindling. You need to keep using it until the fire (U.S. economy) really catches fire.
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Don’t Cut Stimulus Spending
Wednesday, June 9th, 2010
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