In his column, Paul Krugman discusses a mistake made last year which will lengthen the recession.
We common folk and our pesky entitlements are being blamed for the debt & deficit disaster. But when Bush came into office, we had a surplus that was quickly erased by (1) unfunded tax cuts that primarily went to the wealthy, (2) two simultaneous wars, and (3) a recession that was directly attributable to deregulation …