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Mon, Feb. 11 2013 10:14 AM EDT

Krugman on Spending Cuts: 'Kick the Can Down the Road'

By Napp Nazworth
The best way to deal with the automatic spending cuts, known as sequestration, that were put in place to deal with the nation's rising national debt, now at over $16.5 trillion, is to delay them from going into effect, said Pulitzer prize winning economist Paul Krugman. To do that, he advised President Barack Obama to offer future "vague spending cuts" and "real revenue sources." The belief, though, that liberals want to spend more money on government, is "imaginary," he added. (A link to this page will be included in your message. )

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