The finance secretary welcomed the reduction in VAT, from 17.5% to 15%, but said there was a "sense" that the cut was not enough to boost high street spending.
The NHS, however, is a fiscal black hole, and, with new and ever more expensive medical technologies and drugs coming on stream, even this spending boost may not be enough.
Spending on infrastructure will not boost the economy for ever.
She said that the choice between deficit reduction and growth was a false one and called on Europe to boost growth by structural reforms, not by spending more.
Furthermore, the recent devastation from Hurricane Sandy may not only create additional spending and provide a boost to the economy, but increases the likelihood that the fiscal cliff is significantly softened.
Not in the Marlins favor: the spending spree providing much boost, at least based on the first two players.
Thus, even if house prices do not plummet and interest rates do not rise, but both merely stabilise, the boost to consumer spending will surely fall away.
What seems not to have occurred to members of Congress is that there is a way to boost the economy that not only doesn't require federal spending but actually reduces it: removing the drag caused by excessive, unscientific and net-negative regulation.
Keynesian boondoggles are acceptable in principle, they say, but they cite Japan in the 1990s as proof that such spending does not always stimulate the economy: better to boost businesses' cashflow by easing their tax burden.
If money is not circulating, but is stashed in reserves or under mattresses, it cannot boost spending or push up inflation.
But he is coming under great pressure, not least from within his Workers' Party, to slash interest rates and ramp up public spending to boost the economy.
The smaller, but growing, school argues not only that Keynesian deficit spending has reached its limits but also that a serious effort at cutting deficits would boost confidence and thus counter the drag on demand from lower government spending.
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