"I continue to be very worried about the large negative contribution to growth that will come from Federal, state, and local governments as they cut payrolls and increase taxes. I think the combined effect looks to be close to 2% of GDP. If we are flatlining by the end of the year, such an outrageous tax increase will shove us into another recession. Let there be no doubt what the cause will be...
http://www.stock-investing-software.com/commentary/articles.html?next=14350
Ian
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