Monday, November 26, 2012 at 10:37 am (Updated: November 26, 11:01 am)
By LARRY DeBOER
Economics is not an experimental science. We can’t say to Congress, “Honorable ladies and gentlemen, please drastically raise taxes and cut spending all at once so we can measure the effects on the economy of changes in the federal government’s budget.” This is not what elected officials do.
Except that’s just what is scheduled to happen come Jan. 1.
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