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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Marshall Auerback: Even a Deal on the Budget is Bad for the American Economy | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="w4uZkNQiPG"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/11/marshall-auerback-even-a-deal-on-the-budget-is-bad-for-the-american-economy.html"&gt;Marshall Auerback: Even a Deal on the Budget is Bad for the American Economy&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/11/marshall-auerback-even-a-deal-on-the-budget-is-bad-for-the-american-economy.html/embed#?secret=w4uZkNQiPG" width="600" height="338" title="&#x201C;Marshall Auerback: Even a Deal on the Budget is Bad for the American Economy&#x201D; &#x2014; naked capitalism" data-secret="w4uZkNQiPG" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Yves here. One of the frustrating aspects of the Great Catfood Debate is that it boils down to not whether, but how much, catfood you get in your future. Marshall Auerback explains why any of the proposed outcomes to the budget negotiations will slow growth and possibly produce a recession.</description></oembed>

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