Dr. Peter Morici: Don’t raise taxes or cut defense to solve US budget woes
Nov 1st, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici: Whether the Joint Select Committee on Budget Reduction reaches a deal to reduce the US federal deficit by at least $1.2trn or stalemates on November 23, Democrats appear intent on handicapping the national economy with higher taxes and imperiling national security by cutting defense. Those are the wrong places to solve the nation’s budget woes.