the lost year

[David Morris]

http://tpmdc.talkingpointsmemo.com/2011/12/economic-experts-gather-in-dc-to-explain-why-politics-has-doomed-us.php?ref=fpblg

Economic Experts Gather In DC To Explain Why Politics Has Doomed Us

As the U.S. government and governments in Europe respond to the global
economic slump with conservative austerity measures, it’s easy to
forget that the overwhelming professional economic consensus is that
depressed countries that can afford to should be doing the opposite —
ramping up government purchases of goods and services and putting off
the budget cuts and tax increases for a few years.