Economist Carmen Reinhart With Bloomberg's Tom Keene

Carmen Reinhart, senior fellow at the Peterson Institute for International Economics, talks with Bloomberg's Tom Keene.  They are joined by BNP's Julia Coronado.

Runs 7 minutes.

• Listen HERE at Bloomberg

On the debt ceiling debate, social security and the economic outlook.

Comments

[DailyBail]

Pentagon lands extra $50 billion out of debt deal

http://www.rawstory.com/rs/2011/08/02/pentagon-lands-extra-50-billion-out-of-debt-deal/

[DailyBail]

Military hawks upset with debt deal

Neoconservatives, such as William Kristol and John Bolton, are worried about looming military spending cuts.

http://english.aljazeera.net/indepth/opinion/2011/08/20118282428363972.html

[john]

They (the MIC) will not have to worry. The Super Committee will agree to a VAT tax and Carbon tax by at least their Thanksgiving deadlline. The mathematics for Vat and Carbon tax work out perfectly.