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Paul Krugman vs " Morning Joe" Scarborough

  • Broadcast in Politics
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In plain English, the costs of everything on which the federal government spends money except health care and interest -- and that includes Social Security, defense, you name it -- are projected to fall over time as a share of GDP. The message is clear: America doesn't have a generalized spending problem that requires severe cuts across the board. We have, instead, a massive problem of exploding health care costs. Alan Blinder

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