U.S. Needs Deregulatory Stimulus
In this commentary at CATO that also article appeared on Detroit News on August 19, 2013, Doug Bandow writes that the idea that government spending increases the economy is foolhardy. Such spending does not increase the economy. Bandow notes something even more serious:
Although the deficit has fallen this year — revenues are significantly higher than expected — the Congressional Budget Office figures that the annual deficit will begin climbing again in 2015 on its way back to $1 trillion.