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There students are graduating without mountains of debt and because they have a larger government that is investing in ways that help all citizens they end up with a substantially more equal society. So if you take a step back you can say about what the book is trying to do is address the question what should fiscal policy, taxing and spending what should our fiscal policy be in an age of inequality . What the book answers is it has to be a larger pace because we are the smallest government of any large economy. It needs to be a larger based more tax. Does not have to be super high rates on th...

It would buy actual investment in infrastructure positive economic returns to just building bridges and roads, economic returns and time saved and it creates great quality jobs. Not everyone in america is going to invent the next great. Some people are not interested. So getting back to america where there are good quality jobs in construction well that is a kind of double pay off s. So we can go from net zero to some significant investment in infrastructure. We can do better 2 percent of gdp is enough to make a meaningful impacts. Then we can decide that is the right number. We dont have to d...

Of decline. It caused the averages to slightly rebound. The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out there. Tonight as part of my game plan, im going to give the historical prism as long as the cliff is ha...

It caused the averages to slightly rebound. The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out there. Tonight as part of my game plan, im going to give the historical prism as long as the cliff is hanging over o...

The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out there. Tonight as part of my game plan, im going to give the historical prism as long as the cliff is hanging over our heads. As a gristled veteran of the marke...