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Federal Government ..... Too much spending, too little revenue.

Right. No big surprise. We told you guys those Bush tax cuts were gonna screw things up. Just like we told you those unfunded wars were gonna screw things up.

Now listen up, perhaps you are reading it here for the first time:

If the Republican congress lets the sequester happen things are gonna get worse.

Krugman hasn't been wrong about anything in a long time. Don't expect him to be wrong this time around. Austerity is the wrong path to take.
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