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[Pen-l] Economists' Letter to Congress in Support of a New Economic Stimulus Package



This morning, we released the Economists' Letter to Congress. You can see the text of the letter and signers here:
http://www.cepr.net/index.php/publications/reports/economists-letter-to-congress-in-support-of-a-new-economic-stimulus-package/


Signed by over 375 economists representing 36 states, including Nobel
Laureates Joseph Stiglitz, Robert Solow, and George Akerlof, it urges
Congress to move quickly and decisively to pass an effective new
economic stimulus package.  The economists recommend $300-$400 billion
per year in stimulus, targeting:

a) aid to state and local governments,
b) extending unemployment insurance and increasing benefits for low and
moderate income households,
c) moving forward with infrastructure projects already planned and
scheduled, and
d) providing tax credits and other support for "green" projects that can
be done quickly.

--
Nicole Woo
Director of Domestic Policy
Center for Economic and Policy Research (CEPR)
1611 Connecticut Avenue NW, Suite 400
Washington, DC 20009
Tel: 202.293.5380 x108
Fax: 202.588.1356
E-mail: woo@xxxxxxxx
Website: www.cepr.net

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