Krugman on one of his rants to increase debt. But we are increasing it, our deficit is up in absolute terms and the deficit is up as a percentage of tax receipts and up as a percent of GDP. Tax income for G(s) is flat when it was growing at 5% just a few months ago.
How big a deficit will Krugman, Delong and Summers get?
Depends on the downturn, the greater the downturn the more bailouts we get, most of the bailouts going to failed Magic Walrus policies.
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