Matthew Mitchell, George Mason University’s Mercatus Center, Research Fellow and Isabel Sawhill, Brookings Institution, Economic Studies Senior Fellow, offer two philosophies of thought when it comes to improving the economy. One suggests that cutting government spending leads to increased funds to assist in debt reduction, the other contends that using government funds to invest in specific programs will lead to job creation, which in turn will lead to a stronger fiscal condition.
Paul Light, New York University, Public Service Professor discusses President Obama’s effort, announced in Tuesday’s State of the Union address, to reduce the size of the federal government.