July 23 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said extending at least some of the tax cuts set to expire this year would help strengthen a U.S. economy still in need of stimulus and urged offsetting the move with increased revenue or lower spending. "In the short term I would believe that we ought to maintain a reasonable degree of fiscal support, stimulus for the economy," Bernanke said yesterday under questioning from the House Financial Services Committee's senior Republican. "There are many ways to do that. This is one way."
July 23 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said extending at least some of the tax cuts set to expire this year would help strengthen a U.S. economy still in need of stimulus and urged offsetting the move with increased revenue or lower spending.
"In the short term I would believe that we ought to maintain a reasonable degree of fiscal support, stimulus for the economy," Bernanke said yesterday under questioning from the House Financial Services Committee's senior Republican. "There are many ways to do that. This is one way."
Great. Since it has been shown that, amongs the various ways that the Government can spend money, the Bush tax cuts are pretty much the least efficient in terms of stimulus, this would mean replacing a more efficient stimulus by a Bush tax cut.
All in the name of helping the economy of course. But it's pure starving the beast and ensuring that the rich get richer. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
All in the name of helping the economy of course. But it's pure starving the beast and ensuring that the rich get richer
but as far as Bernanke is concerned, the whole of the US economy is about Wall street. so anything that is good for Wall St makes the economy better. As good a definition of the triumph of the economic parasite as we're gonna get. keep to the Fen Causeway
