As Is Often the Case, Krugman Is Right

Paul Krugman has a great column in today's New York Times about how the right's new coordinated scare tactics and hysteria about deficits are eerily similar to the incorrect warnings about WMD in Iraq (which didn't actually exist). Money quote:

"To me — and I’m not alone in this — the sudden outbreak of deficit hysteria brings back memories of the groupthink that took hold during the run-up to the Iraq war. Now, as then, dubious allegations, not backed by hard evidence, are being reported as if they have been established beyond a shadow of a doubt. Now, as then, much of the political and media establishments have bought into the notion that we must take drastic action quickly, even though there hasn’t been any new information to justify this sudden urgency. Now, as then, those who challenge the prevailing narrative, no matter how strong their case and no matter how solid their background, are being marginalized."