Wayne Independent - Honesdale, PA
Debt crisis? What debt crisis?
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By Pat Cunningham
March 29, 2013 12:21 p.m.

Paul Krugman NAILS IT:

Pundits who spent years trying to foster a sense of panic over the deficit have begun writing pieces lamenting the likelihood that there won’t be a crisis, after all. Maybe it wasnít that significant when President Obama declared that we donít face any ďimmediateĒ debt crisis, but it did represent a change in tone from his previous deficit-hawk rhetoric. And it was startling, indeed, when John Boehner, the speaker of the House, said exactly the same thing a few days later.

What happened? Basically, the numbers refuse to cooperate: Interest rates remain stubbornly low, deficits ...

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