Fiscal Cliff: Why Reducing Spending is Our Only Hope


To spend, or not to spend: that is the question.

In this follow-up to our last video ("Fiscal Cliff: Raising Taxes on Middle-Income Americans"), Professor Antony Davies of Duquesne University presents the case for reducing government debt by returning to pre-recession spending levels rather than increasing taxes. As Professor Davies explains:

"We know that when the government reduces taxes and cuts spending, it becomes easier for businesses to hire and it becomes easier for people to live. As a result, people consume and invest more, businesses hire more, and the economy grows."

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