But unlike 1945, this came at a time when household, business and - TopicsExpress

But unlike 1945, this came at a time when household, business and financial sector debt was 260 percent of GDP, not 60 percent. Yet professor Krugman said don’t sweat it! FDR proved the national debt doesn’t matter. That wasn’t remotely true—but the persistence of this canard amounts to one more nail in the coffin of fiscal rectitude, and still another illusion that perpetuates the nation’s trillion dollar Warfare State.

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