Jesús Arturo Devesa

Economist , MBA

Impact of Fiscal deficit reduction policies over economic sectors

Ideas and data for congressmen and senators:

Pumping money into the financial system |Federal spending and structural problems. (03/09/11):

Data from 2008, 2009 and 2010 in the U.S. and Canada; and Japan economy history indicates that pumping money into the financial system by the government doesn't mean economy reinvigoration.

Flooding the economy with cash can't fix structural problems.

Central banks are more a political entity than a technocratic one.

Reducing federal spending can make the economy rebound and employment drop.

Based on our GDP study from 2005 to 2010, the cost of entitlement programs- Medicare, Medicaid and Social Security - has reduced economic output by 10% in these five years through debt service.

Fifty percent of the economic growth in those years was originated in borrowing mainly in consumer revolving credit.

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