Krugman: "We Shouldn't Even Be Talking About Spending Cuts At All". George Will: Hey Let's Have A 'Krugman Election': 'Resolved - Government Is Too Frugal. Let's Vote'

Krugman is out of his mind saying this after all the money Obama has spent with the result being a higher unemployment rate, a loss of at least 3 million jobs, a stagnant economy and a buttload of debt as a result:

<object width="425" height="349"><param name="movie" value="http://www.youtube.com/v/DBPdyj4XcSI?version=3&amp;hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/DBPdyj4XcSI?version=3&amp;hl=en_US" type="application/x-shockwave-flash" width="425" height="349" allowscriptaccess="always" allowfullscreen="true"></embed></object>

George Will had this great albeit short response to the insanity:

<object width="560" height="349"><param name="movie" value="http://www.youtube.com/v/EuaNJSfLG6U?version=3&amp;hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/EuaNJSfLG6U?version=3&amp;hl=en_US" type="application/x-shockwave-flash" width="560" height="349" allowscriptaccess="always" allowfullscreen="true"></embed></object>

Also from Krugman via memeorandum: The President Surrenders

A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.

For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status. 

Aren't countries like Zimbabwe in banana republic territory because their currency is so devalued that it is almost worthless? Aren't we on that path with the unsustainable debt? More from Reason Hit & Run, Weasel Zippers, The Other McCain and The TrogloPundit

UPDATE: WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a cranium exploding into high-velocity brain-shrapnel)

Since the Democrats took control of Congress in 2007, they have jammed through the most fiscally irresponsible spending programs in world history (I won't use the word "budget", because they've refused to propose a budget for roughly 822 days).

In short, Democrats never propose less spending than Republicans -- unless we're talking about defense. And now, after four years of Democrat-controlled spending, the federal government is forced to borrow 40 cents for every dollar it spends.

And that, my friends, is bound to end badly since the hard left Democrat Party and the RINOs appear ready to turn the spending on auto-pilot -- right into the tarmac.