Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long...

|By:, SA News Editor
Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved... The case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect... So, no big problem in the medium term, no strong case for worrying now about long-run budget issues."