More Federal Stimulus Spending or a Switch to Austerity?

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White House OMB Director Peter Orszag has announced his resignation and insiders say it's due to frustration with the lack of aggressive action against the growing fiscal deficit. President Obama is committed to pumping up the recovery with continued spending and to his campaign promise not to raise taxes on households earning less than $250,000 a year. Is it time for increased federal stimulus spending or a switch to austerity? We hear a debate.

Credits

Guests:
Ed Luce - Financial Times - @EdwardGLuce, Alberto Alesina - Professor of Political Economics, Harvard University, James Galbraith - University of Texas, Austin, Deirdre O’Shaughnessy - Editor, Cork Independent, Stephen Sweeney - President, New Jersey State Senate

Host:
Warren Olney

Producers:
Katie Cooper, Andrea Brody, Christian Bordal