The one Dean Baker issued, one that claims that eventually we will get to our eqilibrium rate of growth. Yes, we will gt there, but a whole lot of public sector workers will be laid off before we can achieve our natural rate once again.
This is the same scam big finance started when they issued their report on lower local government spending. It starts with a very bad analysis then progresses among the various supporters. It is Progressives and Oligarchs in a collusion.
The fact is public sector unions are holding us back from equilibrium rate of growth, the economy is waiting for that sector to reform. Kevin Drum is effectively pushing for local government default and restructuring. Fine, then say it. Otherwise Kevin is just an ingeniously repeating the line his funders give him, just like the Tea Party.
Go read Kevin Williamson from NRO,he gets it right.
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