In this article, Krugman uses the ideas of John Maynard Keynes to explain that the government needs to spend money, rather than cut spending, in order to help the economy. Although Obama's stimulus package failed Krugman blames this on the amount of money put into it. Had it been enough, it would have been successful. Ireland demonstrated how "slashing government spending" hurts, rather than helps. According to Kugman, it is more important to put money into the economy and create jobs, rather than worry about the short-term deficits.
http://www.nytimes.com/2011/12/30/opinion/keynes-was-right.html?partner=rssnyt&emc=rss
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