Deficit Hawks: Full o' Sound & Fury

[lsanderson]

Willie Sutton Wept
By PAUL KRUGMAN
Published: February 17, 2011

There are three things you need to know about the current budget debate. First, it’s essentially fraudulent. Second, most people posing as deficit hawks are faking it. Third, while President Obama hasn’t fully avoided the fraudulence, he’s less bad than his opponents — and he deserves much more credit for fiscal responsibility than he’s getting. More