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Biotech / Medical : 2012 Biotech Charity Contest
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To: Biomaven who wrote (319)6/27/2012 10:39:22 AM
From: Chris081 Recommendation   of 513
 
I would agree 100%. This is certainly my view (and that of Krugman too, by the way). The important points being that inflation is not an issue nor is the deficit, given that the government can borrow for almost nothing. (Not to be nasty or combative, but the idea that we are headed in the direction of Greece I found beyond absurd.) And the money should be used for fiscal stimulus spending on infrastructure to decrease unemployment. If the economy begins to grow at a good rate it might not be necessary to cut entitlements much and if a sensible medical insurance program can be created (or even what Obamacare has achieved survives) the most expensive entitlement could be reined in. I also don't see why taxes could not be raised right now on people making over, say, a million a year. This might not produce vast revenues but it would be a step in the direction and important symbolically of the need to decrease the scandalous income inequality that now exists.
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