Joint Select Committee on Deficit Reduction Meeting
Douglas Elmendorf testified before the Joint Select Committee on Deficit Reduction. In his remarks he talked about the state of the economy … read more
Douglas Elmendorf testified before the Joint Select Committee on Deficit Reduction. In his remarks he talked about the state of the economy and deficit spending, saying that larger short-term deficits might be required to assist economic growth. He urged the committee to develop a plan that was “sufficiently specific and widely supported” to boost confidence in the plan. He also talked about the European experience with austerity programs. close
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