Before she became the chairman of the president's Council of Economic Advisors, Christina Romer demonstrated in a research paper prepared for the National Science Foundation in 2007 that it costs the private-sector economy $4 ($1 of tax and nearly $3 of economic damage) to provide the government with $1 to spend.I wonder what Ms. Romer’s take on Obamanomics is.
"Obama's Plan For A Debt-Ridden Future." By Ernest S. Christian and Gary A. Robbins, Investor's Business Daily, 6/5/09.
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