European leaders push for $163 bln in measures

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  • bluecollar Kearns, UT
    June 24, 2012 6:44 a.m.

    During a recession, governments should borrow money and spend on infrastructure especially when interest rates are low. The stimulus funding spreads through society and rejuvenates the economy. During robust economic times, taxes should raised and government debt repaid. The problem arises when conservative government representatives cut taxes in good times. So when a recession hits, there's nothing to cut without creating unnecessary hardship.