Transatlantic Divergence - NYTimes.com

Transatlantic Divergence - NYTimes.com:

This is some quasi-real time data that seems to demonstrate the fallacies of austerity.  However, the real demonstration of the fallacy of austerity is for evermore the urgency of the fiscal cliff. I don't know how you can argue for deficit reduction and austerity and be afraid of the fiscal cliff.

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