Huge cuts could imperil recovery, economists say

Huge cuts could imperil recovery, economists say
- August 3, 2011
- Gary Richardson, economics professor, is quoted in the Boston Globe August 3, 2011
From the Boston Globe:
Gary Richardson, an economist at the University of California at Irvine and a scholar
of the era, said unemployment rates soared to 19 percent in the year after the Roosevelt
administration raised taxes and cut government spending and contracts as a way to
solve the country's long-term deficit problem. "Sadly in the last three days we have
repeated the biggest policy mistake of the Roosevelt administration...cutting government
expenditures in the midst of prolonged high unemployment," he said. "It's certainly
not going to help the recovery."
For the full story, please visit http://www.boston.com/business/articles/2011/08/03/huge_cuts_could_imper....
Share on:
Related News Items
- Dickson receives grant to apply computational cognitive models to language acquisition
- Three from social sciences among 21 to be honored at annual UC Irvine Lauds and Laurel event
- Bipartisan immigration reform package? Some California lawmakers back it, but will Congress pass it?
- Immigrants in Europe and North America earn 18% less than natives - here's why
- Expert finds access to high-paying jobs - not unequal pay for the same job - is the biggest driver of immigrant wage gaps