Are there ways to avoid these effects? Don’t we have to reduce the debt and raise government funds?

A:

Yes, but we have to be smart about it and be aware that government action to restore full employment and economic growth is the best way to achieve long-term debt reduction. As the fate of southern Europe demonstrates, you can’t cut your way out of a recession; and unless the cuts planned by “fiscal cliff” hysterics are avoided, working poor and single-parent families will be adversely affected, because the domestic cuts will come in Title I funding for low income schools, home heating assistance, WIC, extended unemployment benefits and the enhanced child care tax credit. We need to strengthen our regulatory agencies and invest in public job creation, not institute a vicious austerity program.

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DSA New Member Orientation Call

November 05, 2017
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You've joined DSA - Great. Now register for this New Member Orientation call and find out more about our politics and our vision.  And, most importantly, how you can become involved.  8 PM ET; 7 PM CT; 6 PM MT; 5 PM PT. 1.5 hours.