HotAirhttps://hotair.com/headlines/archives/2013/01/01/want-to-grow-the-economy-cut-spending/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 06:33:20 -0400Want to grow the economy? Cut spending<![CDATA[In a paper released this year, economists Carmen M. Reinhart, Vincent R. Reinhart, and Kenneth Rogoff said that periods of &#8220;debt overhang&#8221; &#8211; when accumulated gross debt exceeds 90 percent of a country’s total economic activity for five or more consecutive years &#8211; reduce annual economic growth by more than one percentage point for decades.]]>Tue, 01 Jan 2013 19:20:49 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2013/01/01/want-to-grow-the-economy-cut-spending-n98791