[PEN-L:2934] Re: New Economist Petition: Pay Off the Public Debt

[Brad De Long <delong@xxxxxxxxxxxxxxxxx>]

>I'm told that Alicia Munnell is circulating
>a petition supporting the Administration's
>budget proposal and saying something to the
>effect that the best way to assure long-term
>growth is to pay off the national debt.
>
>I will report more as soon as I find anything
>out.
>
>I'd love to see a counter-petition.
>
>Max Sawicky
>

Saying that the best way to assure long-term growth is to give a large tax
cut to the rich?

I would rather see the (potential future) surplus used to finance an
expansion of public investment and social insurance spending. But is that
the alternative to debt reduction that we are faced with this year?


Brad DeLong