Should the United States cut its deﬁcit in the short term? This has been the subject of intense debate among politicians, policy analysts and thinkers over the past year. What are the consequences of cutting the deﬁcit with interest rates low, unemployment high and growth uncertain?
Jayadev, Arjun and Konczal, Mike, "The Boom Not The Slump: The Right Time For Austerity" (2010). Economics Faculty Publication Series. 26.
The Roosevelt Institute