Lisa Graves replied on Permalink
The self-healing market....
Dear Derek:
Thank you for sharing your critique. It is the editorial position of PRwatch that the major drivers of the deficit are not being addressed by the Fix the Debt/Wall Street gang and that the deficit is much less important than stimulating the economy, which cutting Social Security benefits plainly will not do. It is true that government spending is one part of GDP and not the only factor in the nation's gross domestic product, but the notion that the economy will heal itself naturally if earned benefits are cut does not add up. We stand with Dean Baker and Paul Krugman, two very thoughtful economists, on these points.
