Paul Krugman’s column (TNT, 3-14) about government spending and deficits is ripe with questionable assertions.
Krugman tosses numbers around and goes into great detail about yearly deficits, yet he hardly even mentions the danger posed by the national debt. Without naming names, he coyly attempts to denigrate conservative fiscal hawks by calling them “fearmongers” who want to dismantle Medicare, Medicaid and Social Security.
To bolster his arguments, he references Kenysian economic theory, yet he fails to acknowledge that without capitalism he would be as poor as those individuals who actually do need government assistance.
I can’t help but wonder …