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DEFICIT: Krugman being dishonest about problem

Letter by William P. Hunt, Tacoma on April 1, 2013 at 1:35 pm | No Comments »
April 1, 2013 2:19 pm

Re: “We’re cheating our children, but it’s not about the deficit” (Paul Krugman column,3-31).

Krugman dismisses concern of a national debt growing at about $4 billion per day by proclaiming there is no problem.

I understand that our deficit of about 10 percent of our annual gross domestic product is at a dangerous level. We owe money to China. Furthermore Krugman proposes more government spending (with inevitable taxation), which hurts the economy and jobs.

Krugman is being disingenuous if not dishonest.

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