Paul Kugman states that the government has a misplaced focus on reducing the budget deficit, rather than the disastrously high unemployment. He claims that the people in Washington are deficit-worriers who are scared of a future in which the United States is impoverished by the need to pay back our debt. According to Kugman, America's debt is not as great of a problem because it does not need to be paid back, and a large portion of it is money we owe ourselves. Although the debt does matter, there are other problems that are more important right now. The government needs to spend more in order to get us out of the disastrous unemployment that our country is suffering from.
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?partner=rssnyt&emc=rss
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