Krugman: There Are No Deficit Hawks In Congress

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And never has been.

By Paul Krugman

It’s a point barely worth making, but the tax cut deal demonstrates, for the umpteenth time, that self-proclaimed deficit hawks are frauds. We can’t afford unemployment benefits or public investment, the fake hawks say — but when it come to cutting taxes on the rich, money is literally no object.

It’s just possible, as Atrios says, that some journalists don’t understand this; if you do up-close-and-personal reporting, judging politicians by what they say and how they come across rather than by the content of their proposals, you might actually be snookered. But again: none of the people who claim about the deficit actually view it as anything more than a stick with which to beat down progressive ideas.

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