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Paul Krugman: Four Fiscal Phonies

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Romney isn't alone in his hypocrisy. In fact, all four significant Republican presidential candidates still standing are fiscal phonies. They issue apocalyptic warnings about the dangers of government debt and, in the name of deficit reduction, demand savage cuts in programs that protect the middle class and the poor. But then they propose squandering all the money thereby saved -- and much, much more -- on tax cuts for the rich.

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