Nobel-winning economist Paul Krugman talks Deficit Hysteria

” …deficit fear-mongering has become a key part of Republican political strategy, doing double duty: it damages President Obama’s image even as it cripples his policy agenda. And if the hypocrisy is breathtaking — politicians who voted for budget-busting tax cuts posing as apostles of fiscal rectitude, politicians demonizing attempts to rein in Medicare costs one day (death panels!), then denouncing excessive government spending the next — well, what else is new?”

http://www.nytimes.com/2010/02/05/opinion/05krugman.html?src=twt&twt=NytimesKrugman

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