Private sector borrowing and spending is not happening. The long-term structural deficit, spending more than revenue, can be solved by raising the tax rates on the wealthy. Tax excess reserves of banks until they lend money. Tax transactions to reduce speculation.
to watch the interview with Robert Polin, co-director of the PERI Institute, July 2010, click on
http://www.therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=5396&updaterx=2010-07-16+13%3A08%3A13
www.freewebs.com/mbtranslations/
Original: Video: Productivity is up so why cut social programs?