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  •  In case you missed it above (5+ / 0-)
    ...policies to reduce the deficit in the short run--before 2016, say--are highly, highly likely to actually increase the long-run burden of the national debt.

    ...there is absolutely no urgency. And there is enormous urgency in getting the economy moving again.

    ...If President Obama focuses on further deficit-reduction deals (during sequestration talks) rather than on policies to boost employment growth and infrastructure investment, he will make yet another hideous economic policy mistake.

    The sequestration cuts should be thrown out entirely. To do anything else, will severely harm the American people. Entitlement cuts are total madness at a time like this.

    Economic catastrophe is the Republican intention for Obama's second term.

    From Brad DeLong.

    He is absolutely right.



    Denial is a drug.

    by Pluto on Sun Jan 20, 2013 at 12:30:01 PM PST

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