Economy

The Republicans Keep On Lying

Olympia Snowe, for example, lied about the causes of debt:

"Fiscal shenanigans such as permanent tax increases to pay for one-year temporary measures are precisely the problem that drove our nation into a $15 trillion debt crisis."

Sorry, no. It was a massive tax cut that contributed most to the debt. Not a tax hike. A tax hike would have paid for some of the other things the Bush Republicans passed which doubled the debt.

Krugman also clarified the difference between opposing Bush pre-recession spending while demanding more post-recession spending.