T Nation

Pollin Responds to Reinhart and Rogoff

Cuts Deepen and Stock Market Soars

Public debt exceeding 90% does not cause a sharp decline in economic growth.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=767&Itemid=74&jumival=10170

Good luck with that.

[quote]Zeppelin795 wrote:
Cuts Deepen and Stock Market Soars

Public debt exceeding 90% does not cause a sharp decline in economic growth.

Wow, Greece must have an huge economic growth spurt going on!

[quote]2busy wrote:

[quote]Zeppelin795 wrote:
Cuts Deepen and Stock Market Soars

Public debt exceeding 90% does not cause a sharp decline in economic growth.

Wow, Greece must have an huge economic growth spurt going on![/quote]

Wow you really just destroyed the facts of the overall argument. You should ring up the authors of the austerity model and tell them the good news of your astute observation.

[quote]Zeppelin795 wrote:

[quote]2busy wrote:

[quote]Zeppelin795 wrote:
Cuts Deepen and Stock Market Soars

Public debt exceeding 90% does not cause a sharp decline in economic growth.

Wow, Greece must have an huge economic growth spurt going on![/quote]

Wow you really just destroyed the facts of the overall argument. You should ring up the authors of the austerity model and tell them the good news of your astute observation.[/quote]

Seems the facts are that Greece’s Public Debt increased and they had a sharp decline in economic growth.

You can’t destroy facts. They just exist.

[quote]2busy wrote:

[quote]Zeppelin795 wrote:

[quote]2busy wrote:

[quote]Zeppelin795 wrote:
Cuts Deepen and Stock Market Soars

Public debt exceeding 90% does not cause a sharp decline in economic growth.

Wow, Greece must have an huge economic growth spurt going on![/quote]

Wow you really just destroyed the facts of the overall argument. You should ring up the authors of the austerity model and tell them the good news of your astute observation.[/quote]

Seems the facts are that Greece’s Public Debt increased and they had a sharp decline in economic growth.

You can’t destroy facts. They just exist.
[/quote]

i agree you can’t destroy favcs so what about other countries who have the vaulted 90% debt ratio and this isn’t true? And the countries that are the least effected by austerity measures are the ones who have the highest taxes and the most social services- fact!