May 21, 2012

Record Demand for US Debt Leads Some to Call for More Government Borrowing

January 1, 2012
The Hill

Excerpt

 

Bob Bixby of the Concord Coalition also pointed out that both Republicans and Democrats have proposed offsets to recent measures aimed at stimulating the economy.

Senate Democrats, for instance, proposed a surtax on millionaires to pay for President Obama’s jobs package. During the payroll tax debate, congressional Republicans proposed extending a freeze on federal pay to pay for an extension.

“You just don’t hear much of a case being made now for borrowing more,” Bixby said.