Weisbrot: the Long Haul

[alex lantsberg]

-----Original Message-----
Both Congress and the executive branch should
abandon the
extremist and groundless economic theories, which
we could tolerate while
the economy was booming, that advocate paying off
the national debt over
the next 12 years. A commitment to pay down the
debt is a commitment to
reduce demand and slow the economy at a time when
we really don't know
where the bottom of the current economic slowdown
is going to be.

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what's the reasoning behind that statement?