Nobody Cares About the Deficit

Sitting here in the UK, where everyone continues to believe that budget deficits are the central issue despite overwhelming evidence to the contrary, it’s refreshing to look home once in a while and contemplate the utter collapse of the deficit-scold agenda.

One way to see this is to track the disappearance of Alan Simpson from the radar; another is to look at polls that ask people to name important issues. CONT.

Paul Krugman, New York Times

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