Forever Fighting Fallacious Fiscal Phantoms: Paul Krugman UPDATE!

by wisdomhunt

Yet again, the dynamic duo of Krugman + Wisdom Hunt are influencing policymakers.

Before I could even get my post up yesterday, the Treasury was doing this (from USSRT):

Treasury borrowed $24 billion in one day after Thanksgiving

The US Treasury raised the national debt by more than $24 billion on the day after Thanksgiving, increasing it to the alarming rate of about $211.69 per US household and bringing it to the highest level in history.

Topping off at $16.3 trillion, Friday’s debt was the highest on US record.

Throw away your Mayan calendar and get ready to party like it’s 1929! Or 1999! Or 2007!