Conservatives think theya ve caught Paul Krugman in an act of hypocrisy. They havena t.

There’s nothing more predictable than people being in favor of deficits when their preferred political party is in power, and against them when it’s not. Republicans, as you might recall, have spent the last eight years warning that Obama’s deficits would turn us into Greece to the point of actively trying to force us to default on the debt as a way to supposedly keep us from doing so tomorrow, only to turn around and get ready to add $9 trillion of red ink now that they’re in charge.