NABE: ‘Spending Cuts, Not Tax Hikes, Best for Deficit’
More Hyscience Aug 22, 2011, 3:58 pm
Fifty-six percent of economists surveyed by the National Association for Business Economics (NABE) believe that the federal deficit should be reduced only or primarily through spending cuts:
… 56 percent of the NABE members surveyed felt that way, while 37 percent said they favor equal parts spending cuts and tax increases. The remaining 7 percent believe it should be done only or mostly through tax increases.
he deficit, nearly 40 percent said the best way would be to contain Medicare and Medicaid costs. Nearly a quarter recommended overhauling the tax system and simplifying tax rates and exemptions. About 15 percent said the government should enact tough spending caps and cut discretionary spending. Missing in the article is the ‘why’ and ‘how’ of reducing the deficit without raising taxes … or at the very least … reforming the tax code and a balanced budget amendment to keep Barack Obama from spending all of any increases in revenue.
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- Description: Fifty-six percent of economists surveyed by the National Association for Business Economics (NABE) believe that the federal deficit should be reduced only or primarily through spending cuts:… 56 percent of the NABE members surveyed felt that way, while 37 percent said they favor equal parts spending cuts and tax increases. The remaining 7 percent believe it should be done only or mostly through tax increases. As for how to reduce
