Those 'lecturing' on deficit helped get us here in the first place: Paul Krugman
(NEWSER) - More and more people have been telling Paul Krugman that the budget deficit is the people’s fault: “Weak-minded politicians catered to the electorate’s foolishness.” But that viewpoint is not only “self-serving, it’s dead wrong,” writes Krugman in the New York Times . Instead, we can thank “policies championed by small groups of influential people—in many cases, the same people now lecturing the rest of us on the need to get serious.” They’re behind the deficit’s key factors: the Bush tax cuts, the Iraq and Afghanistan wars, and the Great Recession. More»
