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Krugman: ‘Now is not the time to get rid of those public deficits’

In order to avoid a full-on depression, the U.S. government needs to ignore the size of the deficit and start spending to stimulate the economy, Nobel Prize-winning economist Paul Krugman tells us. “Somebody has to spend more than their income, and, for the time being, that has to be the…

Bernie Sanders: I’m more of a deficit hawk than many Republicans

Independent Sen. Bernie Sanders of Vermont on Thursday told Republicans on the Senate Budget Committee they were hypocritical for vowing to reduce the federal deficit while supporting wars overseas and tax breaks for wealthy Americans. The committee was holding a hearing on the President’s 2013 budget with Treasury Secretary Geithner.…