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Neosho Daily News - Neosho, MO
From the Will Rogers quote, \x34All politics is applesauce.\x34
Intellectual foundation of Republican push for austerity falls apart
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Pat Cunningham offers an unabashedly liberal perspective on national politics. A note of caution: The language gets a little salty on some of the sites to which this blog links. So, don't say you weren't warned. By the way, this blog's name is ...
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Pat Cunningham offers an unabashedly liberal perspective on national politics. A note of caution: The language gets a little salty on some of the sites to which this blog links. So, don't say you weren't warned. By the way, this blog's name is inspired by the Will Rogers quote, \x34All politics is applesauce.\x34 In 41 years as a print and broadcast journalist, most of those years with the Rockford (Ill.) Register Star, Pat has covered national politics under eight American presidents. He's attended 10 national political conventions, Republican and Democratic alike, and has interviewed countless prominent political players, including Jimmy Carter, Ronald Reagan, Gerald Ford and George H.W. Bush.
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By Pat Cunningham
April 17, 2013 11:21 a.m.



BM-BaloneyDetector-lg

Economic policy wonks are buzzing today over revelations that a celebrated study conducted by a couple of Harvard University academics was fundamentally flawed.

Steve Benen has the story HERE:

Carmen Reinhart and Kenneth Rogoff published a report a few years ago that was music to the ears of Republicans: when a nation’s debt climbs above 90% of the nation’s total economy, it necessarily serves as a drag on economic growth. The Reinhardt/Rogoff study became the intellectual foundation for austerity and a deliberate shift from job creation to debt reduction.

The problem, we now know, is that Reinhart and Rogoff ...

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