Krugman: Hasty Fix to Deficit Would Cause 'Austerity Bomb'

Name: Krugman: Hasty Fix to Deficit Would Cause 'Austerity Bomb'
Uploaded: 2012-12-04T22:28:00Z
Duration: P520S
Description: Though Republicans claim $2.2 trillion would be saved by their plan for long-term deficit reduction, economist Paul Krugman calls it a "vapor plan," with few details on where savings will come from. Gwen Ifill talks to Krugman about why he thinks reducing the deficit too fast could push the economy back into recession.

Clip: 12/04/2012 | 8m 40s

Though Republicans claim $2.2 trillion would be saved by their plan for long-term deficit reduction, economist Paul Krugman calls it a "vapor plan," with few details on where savings will come from. Gwen Ifill talks to Krugman about why he thinks reducing the deficit too fast could push the economy back into recession.

Aired: 12/04/12

Rating: NR

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Krugman: Hasty Fix to Deficit Would Cause 'Austerity Bomb'

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