Quote:
Originally Posted by Iowa_Flames_Fan
Krugman is essentially saying that recessions are not the time to be a deficit hawk--period. The government needs to create a stimulus for the economy, and deficit spending is sometimes the only way to create one that's big enough. There are long term costs, but they're far outweighed by both short and long-term gains. That's how I read Krugman's point.
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Is there another way to read that point?
Are you insinuating that Harper is being a defecit hawk? He's said "We won't run a defecit unless we unveil a stimulus package" and "the next budget will contain stimulus actions based on advice from the G20 and leading economists".
It just blows my mind that we could have a Layton/Ignatieff steer us through this mess instead of someone with an economics degree.