Paul Krugman says US long term debt will be fine unless Republicans are cowed by the Tea Party. Particularly now that socialized health care is in place. In other news, the sun now rises in the west.
PAUL KRUGMAN, NEW YORK TIMES WRITES:Read the whole thing here.
The only reason to doubt our ability to get things under control a decade from now is politics: if we’re still deadlocked, if sane Republicans are cowed by the Tea Party, then sure, we can have a fiscal crisis. And longer term, we’ll be in a mess unless we get health care costs under control — which is exactly what we’re trying to do, in the face of cries about death panels.