Herndon, Colbert and Abbott.

or, the Recession we Didn't Have to Have

h/t Mike Norman Economics
link to the same video 

These guys may have spoken about Reinhart and Rogoff, but I'll have to admit, they never said a word about the Grattan report in the Colbert Report...

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One who never fails to mention the important things is the next Australian prime minister, Tony Abbott.

Speaking last night with Leigh Sales (7.30 Report, ABC), the Liberal/National Coalition leader (conservative, centre-right, libertarian) made sure the viewers understood his stance about the surplus and that he is up-to-date with S&P expert assessments of the Australian economy:

"Our triple A credit rating is at risk if there's not a path back to surplus, and frankly, everything right now, Leigh, has to be tested against that framework: how is it going to help us get back to surplus? How is it gonna make our economy more productive?" (See here, my translation from Australian)

In a 13 minute interview, Abbott mentioned "SORE-plus" eight times... Phew! I feel better now that I know "good" economic management is on its way...

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Incidentally, according to this site, the Moon is currently 99% full.

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Are we heading to the recession we didn't have to have? The Abbott Recession?

Update:
05-05-2013 As the video originally linked to here was removed by its poster, I added a link to the same video, but posted under a different account.