Do taxes and government spending help or hurt the economy? Lines are being drawn at the Minnesota Capitol over proposed increases in taxes on gas and income and spending on transportation and education. Republican Gov. Tim Pawlenty argues that raising taxes will hurt the state's economy. DFlers counter that the economy will benefit from more public investment. Who's right?11:00 a.m.
Guests
Art Rolnick: Senior vice president and director of research at the Federal Reserve Bank of Minneapolis.
Louis Johnston: Professor of economics at St. John's University and the College of St. Benedict in Collegeville.
Klobuchar's answer to global warming: "silver buckshot" Sen. Amy Klobuchar, D-Minn., says there is no "silver bullet" solution to combating global warming; she argues what Congress really needs is "silver buckshot." Minnesota's junior senator proposed a multi-pronged approach to reducing greenhouse gas emissions.12:00 p.m.