Economic Recovery - Fiscal Policy (Taxes & Spending)

Economic Recovery - Fiscal Policy (Taxes & Spending)

Summary of the discussion

September 12, 2012 was the first time President Obama and Republican challenger Mitt Romney shared the stage. The topic discussed was the role of the federal policies in addressing the shrinking global economy.

Larry Summers, who was President Obamas economic advisor until 2010, discussed the issue of the shrinking global economy and that of the United States and suggested some measures to stimulate economic growth in the country. He suggested that the deficit should be controlled by increasing government spending in order to stimulate growth ...