Over at Real Clear Markets, Louis Woodhill recently wrote an interesting commentary explaining why the rate of growth IS so important to the ability to service our expanding public debt. Of course, in addition to pro-growth tax policy some serious budgetary restraint on the part of the political class wouldn't hurt either.
Over at Real Clear Markets, Louis Woodhill recently wrote an interesting commentary explaining why the rate of growth IS so important to the ability to service our expanding public debt. Of course, in addition to pro-growth tax policy some serious budgetary restraint on the part of the political class wouldn't hurt either.
ReplyDeletehttp://www.realclearmarkets.com/articles/2010/05/11/you_cant_tax_your_way_out_of_a_debt_crisis_98459.html