Posts Tagged ‘budget deficit’

Selective Deficit Hawks

June 9, 2010

The New York Times is reporting that all chances for more stimulus are dead, and that the chief concern in the Executive, the Congress, and to some extent the Fed is controlling the budget deficit. Budget Hawks are ascendant everywhere.

This is absolutely infuriating. Many of the reasons for which this is wrong-headed are detailed by Paul Krugman, in recent entries in his blog. But there’s another reason why this is pure stark, daylight madness, festooned with hypocrisy.