The $800 Billion Gamble: Economists Say Stimulus Cuts Could Be “Disastrous”

Quoted: Menzie D. Chinn, professor of Public Affairs and Economics at the University of Wisconsin, said about the Senate bill, “I don’t understand the direction of the movement toward cutting spending. Cutting the transfers to the states seems particularly ill-advised, as we have a good feeling that the propensity to spend out these funds will be high and relatively quick.”