Hawks and Hypocrites

[phkrause]

Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds convinced most of our political class that deficits rather than jobs should be our top economic priority. And now that the election is over, they’re trying to pick up where they left off.

The rest of story:

http://www.nytimes.com/2012/11/12/opinion/krugman-hawks-and-hypocrites.html?_r=0

[bonnie]

Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds convinced most of our political class that deficits rather than jobs should be our top economic priority. And now that the election is over, they’re trying to pick up where they left off.

The rest of story:

http://www.nytimes.com/2012/11/12/opinion/krugman-hawks-and-hypocrites.html?_r=0

No one should worry to much,we will get much more deficit spending.Jobs aren't much of a worry either.

Obamacare to a large degree is killing jobs and that isn't about to disappear,but expand,cost more money and make it tougher for small business to hire.But the deficit spending will keep right on