HolyCoast: Majority of Business Economists Think Debt Problem Should Be Solved Through Spending Cuts, Not Taxes

Tuesday, August 23, 2011

Majority of Business Economists Think Debt Problem Should Be Solved Through Spending Cuts, Not Taxes

Me too:
The majority of economists surveyed by the National Association for Business Economics believe the federal deficit should be reduced only or primarily through spending cuts.

The survey out Monday found that 56% of NABE members feel that way, while 37% said they favor equal parts spending cuts and tax increases. The remaining 7% believe it should be done only or mostly through tax increases.
You can read the whole survey here. It kind of puts a lie to the idea that there must be an approach that includes large tax increases.

1 comment:

Bob Hughes said...

Hmmm... I'm sure all those intelligent liberals who criticize conservatives for not believing the "consensus of the experts" on Anthropogenic Global Warming (tm) will embrace this study. Any minute now. Still waiting...