Policy makers seem caught in the headlights like deer. Paulson's plan to drive people more into debt is obviously wrong at a time when debt is causing the global economy to tank. "In part, that's because as federal officials reach further out for ways to ease the credit freeze-up that's hogtying the overall economic recovery, they have little choice but to adopt strategies carrying greater risks."
Well not quite. Not at all. You solve debt with jobs. Green jobs that refuel, repower and rebuild will allow people to make their own decisions on how to get out of debt. A revenue carbon tax can encourage better consumption, Removing the deduction for debt will change behavior.
However the infrastructure for energy consumption is the economy and experts do not know any other way around it. That's why they are stumbling today and digging the hole deeper. Strangely environmentalists can align with Republicans to limit the state's ability to build infrastructure for consumption.
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