Many economists have been arguing that demand is a major contributor to our woes in the economy. I doubt that anxiety over the deficit or the myth of excessive government spending as so-called conservatives would have people believe has much to do with it.
The fallacies over the debt ceiling mount.
I agree. I’d posit that lack of consumer confidence is much more related to unemployment, unstable workplaces, and erratic gasoline prices.
But I think the politicians know that, but do nothing about it because: 1) they don’t have any solutions, and; 2) they’d rather use all that to their advantage in attempts to get reelected, because most of them don’t have the chops to get a real job.
Perhaps cynical, but oh well.