Monday, December 29, 2008

The Deficit Non-Terminator

Opposing spending cuts at any level of government in the teeth of the recession, Pulitzer Prize winner Paul Krugman awards the booby prize to budget-cutting governors, especially California's:
Arnold Schwarzenegger, in particular, deserves some jeers. He became governor in the first place because voters were outraged over his predecessor’s budget problems, but he did nothing to secure the state’s fiscal future — and he now faces a projected budget deficit bigger than the one that did in Gray Davis.

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