Cutting Government Spending Urgently Needed to Reduce National Debt
The article discusses whether it is the right time to cut government spending to reduce the budget deficit and national debt. The researchers looked at the relationship between government spending and unemployment rate, as well as government spending and Consumer Price Index (CPI). They found that there is no clear connection between government spending and these economic factors. Therefore, they suggest that cutting government spending now is necessary to address the current economic situation.