Politics

Krugman Urges Obama to Reject Deal on Fiscal Cliff

Accuses GOP of economic blackmail

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In his brand new op-ed at the NYTPaul Krugman makes the loudest case yet that Obama shouldn't rush into any kind of big "deal" with the GOP on averting the fiscal cliff.

Liberals have been going in this direction for awhile, arguing two things: Hitting the fiscal cliff would not be a huge catastrophe right away, and the GOP has lost a lot of leverage, so there's no reason to cave to their insistence on everything.