Paul Krugman NY Times; Dwindling Deficit Disorder (the deficit is going down)
Fun Facts:
The deficit is going down and the stimulus stopped another great depression.
http://www.nytimes.com/2013/03/11/opinion/krugman-dwindling-deficit-disorder.html?_r=0
What’s really remarkable at this point, however, is the persistence of the deficit fixation in the face of
rapidly changing facts. People still talk as if the deficit were exploding, as if the United States budget
were on an unsustainable path; in fact, the deficit is falling more rapidly than it has for generations, it
is already down to sustainable levels, and it is too small given the state of the economy.
Start with the raw numbers. America’s budget deficit soared after the 2008 financial crisis and the
recession that went with it, as revenue plunged and spending on unemployment benefits and other
safety-net programs rose. And this rise in the deficit was a good thing! Federal spending helped sustain
the economy at a time when the private sector was in panicked retreat; arguably, the stabilizing role of
a large government was the main reason the Great Recession didn’t turn into a full replay of the Great
Depression.
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If this has already been posted and by my reposting of this article you become upset please take it up
w/ the dog .... he is a good listener.
= new reply since forum marked as read
Damn that Kenyan Socialist Marxist!
That is my dog's dad ..... I don't have a picture of him to post but they look just the same.
