Fiscal Stimulus or Budgetary Prudence?

Our latest question for you, and discussion topic at the blog, is an issue that is playing a key role in this November's elections. We have argued here regularly for more fiscal stimulus and against a near-term focus on fiscal budgetary prudence. While we are just as worried by the not so long-term anymore threat posed by the trend line toward future budget chaos, which would be driven by unmanageable entitlement programs, we are more concerned currently about the vulnerability of the economy and the state of the labor market. That said, we never find fault with cutting fat, where it may exist.

Much of the question is really centered around the many definitions of "fat," which seems to vary depending on your political party affiliation and financial standing. The Greek, a once Republican recently turned Independent, views programs like healthcare as necessity, especially in today's environment. I, in fact, find it disgusting to hear candidates and incumbents who have no comprehension of the poverty too many Americans survive, talking about healthcare as if it were a cancer itself. To me and my heart, the discussion about not funding the program is akin to the stabbing of an infant or the kicking of an incapacitated grandmother. It makes me want to puke!

We open this discussion up to whatever depth you might like to take the debate to. Solve entitlements if you like, or simply tell us why the Republicans nascent interest in budget balance should be taken seriously - after years of reckless abandonment. Or tell us why you think Democratic spending tendencies threaten the very end of humanity. Please also remember to answer the question posed below though.

Which do we need now: More Fiscal Stimulus or Budgetary Prudence?

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Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.