tcf.org/blog/detail/the-austerity-trap Multi-year revisions to the GDP shows an even sharper deceleration of growth over the past year. "A halfway sane Congress would heed these lessons as soon as they return from recess; immediately repealing the imprudent sequestration cuts would be the no-brainer first policy step. Instead, a full meltdown in governance—entirely driven by the GOP—could hardly come at a worse time than in the midst of this depression that’s worsening, thanks to the egregious fiscal policy screw-ups demanded by the Right."
Posted on: Thu, 08 Aug 2013 00:12:56 +0000
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