The hysterical debt Armageddonists have been screaming about the need to adopt all sorts of insane austerity policies because if we don’t, China is going to invade and enslave our children…or something. This irrational frenzy is, of course, bipartisan. Both sides of the aisle, for example, recently voted against extending unemployment benefits.
Tea Party sweetheart, Sharron Angle, specifically said citizens are “spoiled” by jobless benefits, and the US should cut unemployment benefits in order to motivate people to find work. Because – as we all know – unemployed people are just too lazy to toil, and there are millions of jobs in some secret industry sector only teabaggers know about, waiting for capable employees to fill them.
No matter how loudly Krugman tries to tell these idiots that cuts are the very worst possible thing they could do right now — what does he know? He only won a Nobel Prize in economics – Republicans refuse to listen. Actually, the world doesn’t seem to be listening, either.