Alan Auerbach Predicts Fiscal Crisis Unless Reforms Enacted

ABC Radio, PM (Australia), June 21, 2010 Host Mark Colvin
http://www.abc.net.au/pm/content/2010/s2932964.htm

The problem is that the economies in the US and Europe are so weak as a result of the recession and there’s a general view among economists that withdrawing stimulus could be dangerous…. The best of all possible worlds would be to maintain fiscal stimulus in the short run while simultaneously making credible policy actions now that will make fiscal adjustments occur in the not-too-distant future.