On Nov 25, 2012, at 2:54 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:
> Maybe he was sanguine about it because there's zero chance that we'll have "indefinite 5%-of-GDP deficits" and because no one is suggesting we will?
The CBO is, more or less. Galbraith rejects the projections because, basically, "no way." But that's not really an argument. So what's going to give? It's certainly not urgent and not unmanageable but something does have to give.
Doug