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Unformatted text preview: However, President Obama’s fiscal wish list doesn’t aim support toward the least-skilled Americans who need it most. Is this a bad idea? It is not at all as there is a strong case for spending on areas that create the largest social returns rather than turning public investment into a tool for redistribution. The basic problem is that productivity in the public sector, just like productivity in the private sector, is tied to education. He chooses the solution which hopefully turns less-skilled Americans into more-skilled Americans. As one of the two basic ways to increase output, increasing productivity seems to be a must....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05