As long as the GOP/rightwing controls House (pursestrings) ther's going to be some amount of austerity in USA -- except military.
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It appears Jeet is talking about his own country, namely Canada
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The irony that you could argue last 6 years of Obama have been that austerity in GOP obstruction. Clinton proposes growth.
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Bet he's thinking Dem Prez + Republican Congress.
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Yes, that's what I'm foreseeing.
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Do you think the Canadian right is heading towards splintering again? The Conservatives have seven years to rebuild.
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Hillary Clinton's vetoing deficit spending -- even though it makes sense -- is one big clue.
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Doubtless Krugman is already preparing "Obama recovery means deficit spending is no longer needed" columns.
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How would that ever get past a Paul Ryan house? It's long past necessary, but can't see how we get there.
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wld be nice to break out of "deficit-neutral" mania in an era of negative real interest rates
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