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First, the idea that Labour's spending caused the recession.
The increase "was largely due to extra spending caused by the surge in gasoline prices".
And still the mainstream media peddles the Tory lies that a failure to control spending caused the deficit to explode.
He said his company faced hesitant corporate spending, caused in part by worries about Europe's economic slowdown.
The company also has cut jobs and reduced other spending as it copes with a slowdown in advertising spending caused by the recession.
"If [the lack of spending caused by tax rises] continues, the market is going to go through a deflation cycle and eventually will collapse," said Yuki Okada.
Similar(27)
"Government spending causes volunteering," the economist Richard Steinberg explains.
In past outbreaks many overreacted, reining in their travelling and spending, causing serious economic damage.
But the result of their efforts astonished the researchers, as it astonishes me.The academics discovered, in effect, that federal spending causes local businesses to shrink.
Any decent economics textbook will tell you that, other things being equal, cutting government spending causes the economy's overall output to fall, tax revenues to decrease, and spending on benefits to increase.
Phelps is also fearful some European and Middle Eastern investors could grow weary of financing our government spending, causing prices to tank and yields to shoot up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com