Friday, September 17, 2010

Principles for Economic Revival - WSJ.com by Shultz, Boskin, Cogan, Meltzer and Taylor

Excerpts:

"Since the onset of the financial crisis, annual federal spending has increased by an extraordinary $800 billion—more than $10,000 for every American family. This has driven the budget deficit to 10% of GDP, far above the previous peacetime record."