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Deficits as far as the eye can see 

It’s extraordinary to me that Paul Krugman seems to have become what in parliamentary systems is called the official opposition. To meet him, he’s an unlikely tub-thumper — he comes across as a friendly, serious academic, no great shakes at public speaking, happier in a conversation with other wonks. Maybe I get a distorted perspective from London, but I can’t see any Democrats hitting the Bush administration as consistently hard as Krugman. It makes me proud to be a Princetonian.

Today he focuses again on the obfuscations on the deficit. “This $7 trillion reversal of fiscal fortune has received remarkably little public attention; it has been crowded off the front page by talk of war. But its consequences will be immense.” Are they listening at the back of the class?

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