Krugman on Obama’s State of the Union: ‘The less he says about the deficit the better’

[Lefty Thinker]

1. The deficit is a trap

And the economically naïve will walk right in without seeing it. It sounds so reasonable, like advice we've heard all our lives from people we respect: "Live within your means." Republicans want to use this misapplied metaphor to enrich those who are already wealthy. Democrats want to use Republicans' efforts against them in a form of political jiu-jitsu as the Republican policies wreck the economy. But it is the middle class that will pay the price for these political maneuvers.