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Politics : View from the Center and Left

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To: Steve Lokness who wrote (172156)	9/17/2011 1:39:15 PM
From: Mary Cluney	Read Replies (1) of 542210

<<< We can't get our arms around the debt now - and you want to add trillions more? Even with Keynesian - there is NO free lunch. >>> September 17, 2011, 1:26 am Math Is Hard, Euro Edition It’s astonishing how many European officials and unofficial wise men insist, with a great air of wisdom, that the euro crisis was caused by failure to enforce the stability pact — that is, limits on deficits and debt. How hard is it to look at the data and discover that Ireland and Spain appeared to be fiscal paragons on the eve of the crisis, with budget surpluses and low debt? Yet another triumph of the Very Serious narrative over easily checked facts. September 17, 2011, 1:26 am

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