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Tuesday, May 10, 2011

John Boehner's Premature Austerity

The editors at MoneyWatch wanted someone to talk about reports that John Boehner will demand spending cuts that equal or exceed any increase in the debt ceiling, in particular how it might affect the recovery. I took the bait and did some rough, back of the envelope calculations of the impact on output and employment:

John Boehner's Premature Austerity

    Posted by on Tuesday, May 10, 2011 at 12:33 AM in Budget Deficit, Economics, MoneyWatch, Politics | Permalink  Comments (26)


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