Nouriel Roubini: Obama’s Spending Freeze Just ‘Spare Change’

The White House plan to partially freeze government spending is just “spare change” compared to a budget deficit of more than $1 trillion and eventually the US will have to raise taxes, economist Nouriel Roubini of Roubini Global Economics told CNBC Wednesday.

A mere bag of shells.

Why raise taxes on people who will eventually receive the money anyway? Why round-trip this money in the first place?

Here.

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