Paul Krugman is overdoing the austerity scare. To put in a stimulus now, when it appears from the latest Schiller housing reports that the economy is about to enjoy a nice wind in its back from housing starts, would be a step back to the bad old days of poor timing with Congress enacting a spending bill just as the economy was spurting ahead. The sequester on the other hand may tame the beast so that instead of a bubble we get good solid brick by brick economic growth. Do nothing! No politician ever created a real job.
The Chutzpah Caucus
