Reagan Adviser Sees Sluggish Growth for Years

Thursday, September 24, 2009 9:23 AM

By: Gene J. Koprowski

Harvard University economist Martin Feldstein is forecasting sluggish economic growth for the global economy for years and a lower standard of living for all as a result of the massive deficit spending of the U.S. government.

“Large fiscal deficits would mean that the government must borrow funds that would otherwise be available for private businesses to finance investment in productivity-enhancing plant and equipment,â€