My only question remains, ignorant or subversive?
Obama to seek ‘fiscally sustainable path,’ not balanced budget
White house press secretary Jay Carney said: “And that is the president’s goal: Deficit reduction large enough to put our economy on a fiscally sustainable path so that the ratio of debt-to-GDP is below 3 percent for a period of time that would allow concurrently, through investments and other policy decisions, allow the economy to grow.”
MMT to Washington: There Is No Long-term Deficit Problem!
By Warren Mosler
‘inflation’ there can mean a lot of people can’t afford to eat, and, hence, regime change:
Food price increases drive China’s inflation to 10-month high
March 9 (Xinhua) — China’s annual consumer inflation rebounds to a 10-month high of 3.2 percent in February on accounts of rising food prices during the Spring Festival season. On a month-on-month basis, February’s CPI gained 1.1 percent from the previous month. Food prices, accounting for nearly one-third of weighting in China’s CPI, remained a key driver of inflation in February as the Spring Festival season, which fell within that month, pushed up demands. The NBS statement said food prices jumped 6 percent last month from the same period last year, propelling the CPI up by 1.98 percentage points. But the upward trend is unlikely to sustain as the holiday effect fades off and the warming weather will help supplies, the NBS said.