Obama budget to force more savings
March 02, 2009 at 11:04 AM EST
[Skip to the end] Just what we need- one more subtraction from aggregate demand and yet more tax advantaged funds for managers to play with. Clearly he believes that “we need savings to have funds for investment” and has at best forgotten the implications of the paradox of thrift: Obama seeks ‘Automatic Pensions’, Labor Enforcement by Holly Rosenkrantz Feb 26 [...]