Obama' Record $1,417,000,000,000 Budget Deficit --The Real Reason Obama Does Not Call Larry Summers? The Summers Video On Taxes and Budget Deficits!

The Trillion $$$ Dollar U.S. Economic Deficit Caused By Our Government

“It’s tough to make predictions, especially about the future.”

~Yogi Berra

White House National Economic Council Director Larry Summers (R) nods off

 

Lawrence Summers on Economic Crisis & Conservative Ideology

“…Former Treasury Secretary Lawrence Summers appeared at the Center for American Progress to discuss the current economic crisis facing middle class America and the trickle down economic theory espoused by conservatives. Do tax cuts spur economic growth and pay for themselves with higher revenues on additional economic activity stimulated? This debate will be revived in the coming year as the incoming President and Congress will soon decide whether to renew of a variety of tax cuts adopted starting in 2001 and set to expire in 2010. Economists now have years of experience with this tax policy. What does the evidence show us? What has been the public debate about tax policy and supply-side and has it shifted in light of growing inequality and limited sharing of the benefits of economic growth?..”