A recent "Spreadsheet Scandal" has rocked the economics world. It also seems to have eliminated the last remaining technical argument in support of the president's "chained CPI" Social Security cut. Not weakened it. Eliminated it.
Economists Carmen Reinhart of the University of Maryland and Ken Rogoff of Harvard have responded to a new paper that attacks research of theirs that is often cited by pro-austerity advocates, claiming that high debt is associated with slow growth.