Paul Krugman shows how he has earned the hatred of the far right. In this article, he shows that they have little interest in deficit reduction. The game plan is to use deficit reduction as weapon to cut social welfare programs in order to fund tax cuts for the super-rich. We are familiar with the budget proposals by Paul Ryan and Mitt Romney that satisfy those criteria. He extends that critique to the Governor of New Jersey who has been working hard to become a deficit hawk with a larger nest in Washington. It turns out, however, that the budget deficit in New Jersey has not responded well to his policies. Tax cuts have worsened the budget outlook in the garden state. The seeds that he planted to grow the economy have not born the fruit that he promised. His response has been to kill the messenger who delivered the bad news. The emperor in New Jersey insists that he really is wearing new clothes.
This op-ed, provides a good lead into the following post, which digs more deeply into how Krugman inspires hatred from right wing emperors who wear phony new clothing.
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