tag:blogger.com,1999:blog-5026234375530929463.post7551110908615590316..comments2023-04-07T09:54:05.949-04:00Comments on José Arsenio Torres Opina: Los Dos Principios Cardinales del Equipo de AlejandroJose Arsenio Torreshttp://www.blogger.com/profile/05084061761959789812noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5026234375530929463.post-29919810491397614372013-01-02T22:29:25.148-04:002013-01-02T22:29:25.148-04:00The current agreement to avert the fiscal cliff ma...The current agreement to avert the fiscal cliff may have added $4 trillion to the national debt over the next ten years, but GDP will increase by $200 trillion over the same ten years, so that is 2% increase in the debt, nothing to die of a heart attack for.<br /><br />http://research.stlouisfed.org/fred2/graph/?id=NGDPPOT<br /><br />The important thing is to create those $200 trillion through employment and not<br />create a crisis two months from now through a voluntary refusal of the Congress<br />to pay for what the Congress itself already voted to spend.<br /><br />It is not going to happen. The Tea Party is not going to get away with this. Obama <br />may not be an economist, but he is a politician. And so far he has beaten the <br />Tea Party twice. Even Chris Christie is bad mouthing the Republicans.<br /><br />http://www.youtube.com/watch?v=UJrCHGQq6vY<br /><br />There are other tricks in the bag of the President he can still use.<br /><br />Do not bet on any default.<br /><br />Obama's biggest fear in losing the elections was that the Republicans were going to get the<br />credit for the prosperity that is coming. Puerto Rico has to converge to that prosperity. It cannot converge into the nothingness of a slum, the product of Pierluisi becoming a cheap copy of Fortuño.<br /><br />There is no excuse.Anonymoushttps://www.blogger.com/profile/17855803050326528177noreply@blogger.com