Monday, January 02, 2012

Nobody Understands Debt

This does explain why the current power elite in Madison needed to turn a budget surplus into a debt emergency in order to justify their 'emergency' reconstruction of the Wisconsin Idea into something good for the Heritage Foundation and ALEC, rather than for the people of Wisconsin. Debt was never a problem -- the only problem was their own ideology.

From Krugman: Nobody Understands Debt -

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