In response to:

Spreadsheets, Paul Krugman, and Logic

Michael 1068 Wrote: Apr 20, 2013 7:33 PM
Iraq alone will surpass 2 trillion spent, if it has not already. it's OK TC, math is hard, what with all those zeros and all. Paul Ryan has the same problem ! And you better watch your language or old Sharkey ( a.k.a. Miss Manners) will get you !

In a 2010 paper Growth in a Time of Debt and again in a book entitled This Time is Different, Harvard economists Ken Rogoff and Carmen Reinhart presented the idea that when a country's ratio of debt to gross domestic product reaches 90% lower economic growth is on the horizon.

However, Rogoff and Reinhart made an Excel Spreadsheet Error in their work that has the economic world in a tizzy.

A new study by three researchers at the University of Massachusetts finds that Rogoff and Reinhart