Policies for Increasing Economic Growth and Employment in 2010 and 2011
"The number of jobs in the United States has declined almost every month since December
2007. Nearly all professional forecasters believe that the economy has begun to recover
from the recent recession, but many also predict that the pace of the recovery will be slow and
that unemployment will remain high for several years.
At the request of the Chairman of the Senate Budget Committee, the Congressional Budget
Office (CBO) has examined the potential role and efficacy of fiscal policy options in increasing
economic growth and employment, particularly over the next two years. This paper
updates and expands upon a January 2008 CBO analysis, Options for Responding to Short-
Term Economic Weakness, and a January 2009 CBO testimony, The State of the Economy and
Issues in Developing an Effective Policy Response..."
Saturday, January 16, 2010
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