Sorry Folks, Austerity’s Not Dead Yet!

It makes a good headline; but it’s dangerous to say “austerity is dead,” just because new budget projections indicate that the deficit has already been cut by $200 Billion more than in previous projections, and because the Reinhart-Rogoff study has been debunked successfully, and, hopefully, irretrievably. Austerity will only be dead when legislators, Presidents, Prime [...] View the full post at: Sorry Folks, Austerity’s Not Dead Yet! Related posts: Time For the Third Stimulus Package U.S. Borrowing More From Domestic Rather than Foreign Sources, CFR The Exploding Federal Deficit