Economists Say Raise Taxes And Lower Spending

Economists have weighed in on how to close the federal deficit: raise taxes and lower spending.  The Associated Press reports  economists say “the best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists.  The 236 members of the National Association for Business Economics recently surveyed say the country needs more fiscal stimulus through 2013, but by 2014 it should be time to throttle back. The reason for the delay: the sluggish nature of the country’s economic recovery.”U.S. Capitol

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