My colleagues and I have been writing endlessly about the ignorance of reducing government spending in our current economic straits. Unemployment is stagnant at just under 8% and over 12 million Americans are looking for work–and the latter does not count discouraged workers, those taking jobs well below their skill level, or individuals accepting part-time work when they needed full-time (they add another 10 million or so; Bureau of Labor Statistics). Firms are understandably reluctant to expand operations in an environment where households are debt-ridden and the financial sector continues ... Read More