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The Zombie Rises: The Return of Simpson-Bowles

Robert L. Borosage | Posted 04.19.2012 | Business
Robert L. Borosage

With interest rates near zero, a decrepit infrastructure that must be rebuilt and a construction industry flat on its back, anyone with a whit of business sense would finance a massive Rebuild America program over the next few years, put people back to work, and build the sinews vital for a more competitive economy. Right now, the focus should be on putting people back to work and getting the economy moving. Until that happens, austerity -- as Europe is now experiencing -- is a contagion, not a cure.