Center for American Progress

Government Spending Is Just What Our Economy Needs
In the News

Government Spending Is Just What Our Economy Needs

Heather Boushey explains how government spending can help restart our economy.

Our nation’s economy is approaching a precipice. The continuing housing market crisis has stripped about $10 trillion from families’ assets, and nearly 1 in 10 workers are unemployed. Nearly 1 in 10 others are either working less than they want or have given up their job search. Family income is now back where it was in 1996, in inflation-adjusted dollars.

This all means there is less money flowing through our economy. That’s just math.

The above excerpt was originally published in U.S. News & World Report. Click here to view the full article.

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Heather Boushey

Former Economist

Member of the Council of Economic Advisers and Chief Economist to the Invest in America Cabinet