Paul Krugman of the New York Times argues that "economic bloodletting" is caused by the austerity of the policies on business.
- Krugman dismisses the notion that deep cuts on the medical budget will cause a drive in economic revival.
- He credits businesses and consumers for not seeing the devline of customers and jobs.
- Paul Krugman sees the cuts on public education as an exemplification on the U.S. government debt.
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