350 Economists Call On Congress To Invest In Job Growth Instead Of Austerity | ThinkProgress

Where is an FDR when you need one?

America’s fledgling economic recovery is being threatened by “obsessive concern with cutting deficits that has infected both parties,” a group of 350 economists wrote in a letter to lawmakers this week. Instead of focusing on deficit-reducing austerity measures that will do nothing to fix the “mass unemployment, rising poverty, and declining wages” that are holding back the recovery, Congress should focus on public investments that will boost job and economic growth, the letter states:

via 350 Economists Call On Congress To Invest In Job Growth Instead Of Austerity | ThinkProgress.

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