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Furstenberg describes the U.S.'s first great depression of thelate nineteenth century. She sees similiarities between the booms and bust cycles of that period and today's boom and bust cycles in the economy.
Furstenberg describes the U.S.'s first great depression of thelate nineteenth century. She sees similiarities between the booms and bust cycles of that period and today's boom and bust cycles in the economy.
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Critics of the balanced budget amendment say it prevents the use of counter cyclical policies in an economic downturn.
Critics of the balanced budget amendment say it prevents the use of counter cyclical policies in an economic downturn.
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Original article 3 minutes, gist 1 minute
Original article 3 minutes, gist 1 minute
LyrArc Article Gist
Both parties were given poor ratings by respondents for the way they conducted the debt ceiling negotiations- a 72% disapproval rating for Republicans in Congress and a 66% disapproval rating for Democrats in Congress. On the spending cuts the views are ambivalent. On one hand showing Americans 2 to 1 favoring job creation over spending cuts. On the other hand 44% of those polled saying the cuts in the debt ceiling were not enough, 29% that the cuts were about right, only 15% saying they went too far.
Both parties were given poor ratings by respondents for the way they conducted the debt ceiling negotiations- a 72% disapproval rating for Republicans in Congress and a 66% disapproval rating for Democrats in Congress. On the spending cuts the views are ambivalent. On one hand showing Americans 2 to 1 favoring job creation over spending cuts. On the other hand 44% of those polled saying the cuts in the debt ceiling were not enough, 29% that the cuts were about right, only 15% saying they went too far.
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Gretchen Morgenson reflects on 2011 and the lessons not learned from the financial crisis of 2008.
Gretchen Morgenson reflects on 2011 and the lessons not learned from the financial crisis of 2008.
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