Super Wealthy CEO Admits Spending Cuts Will Hurt The Economy, Wants Them To Happen Anyway

Super Wealthy CEO Admits Spending Cuts Will Hurt The Economy, Wants Them To Happen Anyway: For a hint of what austerity can do to an economy, one needs to look no further than Europe. And the U.S. is in for a dose of austerity of its own due to spending cuts under the so-called “sequester” that are scheduled to take place in March. Honeywell CEO David Cote — who is [...]/p