Our favorite economist talks today about the federal debt ceiling and what Obama should do about it. It seems clear that the President should stand firm and let the American people know who is responsible for the crisis: Congressional Republicans who will do anything to defend those who want to continue tax loopholes for corporations, low taxes for billionaires, and corporate jets for people we don't know. A good read.
http://www.nytimes.com/2011/07/01/opinion/01krugman.html?_r=1&ref=opinion
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