Columnist Paul Krugman played media critic, asserting the media is panicking the public with an empty threat - deficits are like vanishing weapons of mass destruction in Iraq.
February 5, 2010 - 3:14pm
Krugman has long declared that the "stimulus" spending Obama favored was a paltry sum, and he hasn't changed that line:
So he concluded deficit-reduction talk was just irresponsible and wrong-headed: "all the talk is about how to shave a few billion dollars off government spending, while there's hardly any willingness to tackle mass unemployment. Policy is headed in the wrong direction - and millions of Americans will pay the price."