Make Up Your Mind, Dude: Deficit Hawk or Dove!
Category: BUSINESS
There's a time for larger deficits and a time to be moving toward budget surplus. We want and need cyclical budget deficits to offset slumps; we do not want structural budget deficits that get larger when the economy hits its expansionary stride, which it has not as of yet.
By Jared Bernstein, Contributor
Fmr. Obama administration economist; CNBC and MSNBC contributor, 2012-10-07