Ask a SUNY Oswego expert
First Summer Session begins
Tuesday, May 28, noon - noon
Service Awards Recognition Luncheon
The recognition luncheon honors SUNY Oswego's CSEA, Council 82, PBA and PEF employees for their years of service. $8 (admission by ticket only). 312-2230.
Location: Arena and Convocation Hall, Campus Center
Friday, June 14, noon - 2 p.m.
Location: Oswego and vicinity
Thursday, June 6, noon - noon
Thursday, June 20, noon - noon
Professor of Economics
Q: Of all the flashpoints in the negotiations over the year-end "fiscal cliff," which one is most critical for the economic future of the United States, near-term, long-term or both, and why?
A: “Fiscal cliff” is a good metaphor. Like a real cliff, it’s something you shouldn’t jump off and really shouldn’t even be standing near. Austerity policies like big tax increases and spending cuts would only make a weak economy worse. While we do need to reduce our deficit and debt relative to the size of the economy, this is a long-term problem that needs to be tackled when the economy is back to normal. In the short term, the goal should be to avoid pushing the economy back into recession. Similarly, we should avoid needlessly rattling financial markets by threatening to jump off fiscal cliffs, shut down the government, or not raise the debt ceiling. Some say the fiscal-cliff threat is needed to prod Congress into reaching a long-term, balanced deficit-reduction deal; but it’s a dangerous game, especially if the deficit cutting starts too soon, like now.