Majority of Economists Surveyed Say Cut Federal Spending
August 22, 2011
From USA Today:
The majority of economists surveyed by the National Association for Business Economics believe the federal deficit should be reduced only or primarily through spending cuts.
The survey out Monday found that 56% of NABE members feel that way, while 37% said they favor equal parts spending cuts and tax increases. The remaining 7% believe it should be done only or mostly through tax increases.
As for how to reduce the deficit, nearly 40% said the best way would be to contain Medicare and Medicaid costs.
Nearly a quarter recommended overhauling the tax system and simplifying tax rates and exemptions. About 15% said government should enact tough spending caps and cut discretionary spending.
See the full article here.
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback