- Posted Dec. 7, 2012 11:16 a.m.
- Bobby Jindal, would-be GOP presidential nominee, doesn’t know what the fiscal cliff really means
-
Louisiana Gov. Bobby Jindal, who seems to think he’s a potential candidate for the Republican presidential nomination in 2016, apparently is under the misimpression that the fiscal cliff poses the risk of an immediate increase in budget deficits.
The truth of the matter, as I noted HERE the other day, is exactly the opposite. Going over the fiscal cliff would sharply reduce budget deficits, at least at the outset. The immediate deep cuts in federal spending and increases in taxes across the board would push budget deficits down but might also push the nation into another recession.
But Jindal got it all ...
Read more
- About
- Recent Posts
- The Ruff Report: Dogs and Health
- May 25, 2013 11:18 a.m.
- The real John Wayne
- May 25, 2013 11:18 a.m.
- As a percentage of the population, the U.S. government workforce is much smaller than 50 years ago
- May 25, 2013 11:18 a.m.
- Goofy is born
- May 24, 2013 11:58 p.m.
- Spike Earhardt - Community Leader
- May 24, 2013 12:01 a.m.
- Financial Advice from Jim Cramer
- Read More