by Brian Maher
Dr. Paul Krugman — a man of knowledge — is talking again. The Nobel laureate informs us:
“The only fiscal thing to fear is deficit fear itself.”
Do you fear the latest cyclone of deficit spending will rip a swath through the Treasury?
This year’s budget deficit will likely near $4 trillion, after all — the largest in history.
Goldman Sachs estimates a $6 trillion combined deficit over the next two years alone.