Clintonism, Monicagate and the budget

[Enrique Diaz-Alvarez]

Max Sawicky wrote:
> 
> >
> > Brad De Long wrote:
> >
> > >How likely is it that we will get ourselves into a Japan-type situation?
> > >*If* we manage to avoid a Japan-type situation, then the risk to
> > growth is
> > >small...
> >
> > Good thing the U.S. economy doesn't resemble a bubble in any way!
> > Otherwise, the Japan scenario might be a threat.
> 
> On the other hand, it is hard to imagine a generalized,
> societal reluctance to spend money when given the
> opportunity.

But will we be given the opprtunity? or will we spend the post-bubble
decade "restoring confidence" by "paying down the debt" and preventing
people from "elluding their personal responsibilities" through
bankruptcy?


> 
> mbs

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Enrique Diaz-Alvarez            Office # (607) 255 5034	
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