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  • PBS NewsHour

PBS NewsHour | Krugman: Hasty Fix to Deficit Would Cause 'Austerity Bomb' | PBS

Duration: 08:41
Program: PBS NewsHour #10511
Broadcast Date: Dec. 4, 2012

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.

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Post Date: December 4, 2012