disaster capitalism

All this concern and urgency about the deficit. A deficit created by ramming through a massive tax cut at a time when the U.S. was embroiled in two unnecessary wars. Obama should let the tax cuts expire. Will he? Probably not based on his behavior in his first term. Also, I'm noticing the stupid term "fiscal cliff" echoing throughout every newscast and no more mention of the idea of people paying their "fair share."

Here's Krugman's latest blog musing about deficit hawks.