Those who put faith above fact need not read further.
Paul Krugman just posted this graph. The blue line is the interest rate on ten-year bonds. The red line is the unemployment rate. The higher the blue line, the more we should worry about the federal deficit. The higher the red line, the more we should worry about jobs. And yet the debate in Washington right now is almost exclusively about how to reduce deficits, primarily by reducing government spending.
Paul Krugman just posted this graph. The blue line is the interest rate on ten-year bonds. The red line is the unemployment rate. The higher the blue line, the more we should worry about the federal deficit. The higher the red line, the more we should worry about jobs. And yet the debate in Washington right now is almost exclusively about how to reduce deficits, primarily by reducing government spending.

