Word: hubbardism
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...Hubbard advocated making marginal tax-rate cuts, already approved by Congress to take effect in future years, instead effective immediately...
...ability as a nation to wage war, to fund social programs, to do anything we want to do ultimately depends on the size of the economy,” Hubbard said...
...Hubbard, one of the architects of the Bush plan, said a slow economy with low investment rates needs fiscal stimulus...
Noting that he had never seen evidence suggesting that one-shot tax cuts—an alternative proposed by Sperling—would be helpful in even the short term, Hubbard asserted that short-term deficits would be acceptable...
...Hubbard reacted to the criticism by noting that something either had to be done to stimulate the economy, or a rationale for doing nothing provided...