No quiero oro, ni quiero plata, yo lo que quiero es romper la piñata!
Originally uploaded by aRISSa*.
Jeffrey Sachs, the Columbia University economist who was instrumental in
transitioning the economic system of the former Soviet Union, is also no fan of
the stimulus bill, calling it a "a fiscal piñata," an "astounding mish-mash of
tax cuts, public investments, transfer payments and special treats for
insiders," and "a grab bag of hasty short-run spending." He warns that "without
a sound medium-term fiscal framework, the stimulus package can easily do more
harm than good." This is especially true, he says, "if we allow further tax cuts
during a time of fiscal hemorrhage, or give into 'bipartisan' demands to make
the Bush tax cuts permanent." ...keep reading...
