An Economy Under Siege (Bournemouth Liberal Democrats)

Bournemouth Liberal Democrats <contact.us@bournemouth-libdems.org.uk>

An Economy Under Siege

January 24, 2012 11:56 AM

The Nobel Prize winning economist gave a lecture at Yale in 2010 explaining why deficit spending in a recession is not only benificial but unavoidable. Techically we are now out of recession (though we may be slipping back) but things haven't changed, unemployment is still high, our bond yield rate is still comparable to the internationally recognised rock solid countries like Germany and the US, meanwhile the spending cuts have not reached their targets and inflicted huge amounts of social suffering at the same time.