Media and Others Suggest That Essay

Total Length: 424 words ( 1 double-spaced pages)

Total Sources: 1

However, most financial experts think that given the need to further stimulate the economy to decrease unemployment, the Obama Administration has little choice but to continue to spend at a deficit. Unless there is job growth, income derived from taxation will continue to go down, and the vicious cycle of debt will continue. "Many finance experts say that Obama's basic strategy" of stimulus and middle-class tax cuts for Americans who are more likely to spend than save the additional revenue "is the right one for a nation still mired near the trough of a deep recession.
But the effort carries economic risks. Investors could demand higher interest rates on Treasury debt because of worries that Washington will never act to bring deficits down. The recent debt crisis in Greece is a reminder of the kind of troubles that can arise -- and large nations like the United States are not necessarily immune" (Trumball 2010).

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