We Haz Economics

by digby

Jim VanDeHei said on MSNBC that there’s no way to cut the deficit without cutting entitlement programs unless we can grow our way out of the deficits with a growing economy. Mrs Alan Greenspan says there’s no way the economy is going to grow any time soon, so they will have to do the cuts to the entitlement programs.

Can even those of us, like me, who have only a rudimentary knowledge of macroeconomics see what’s wrong with that picture? I knew that you could.

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