Mitt Romney A 'Closet Keynesian': Paul Krugman

02/24/2012 08:56 am ET | Updated Apr 25, 2012
  • Paul Krugman The New York Times

Speaking in Michigan, Mr. Romney was asked about deficit reduction, and he absent-mindedly said something completely reasonable: "If you just cut, if all you're thinking about doing is cutting spending, as you cut spending you'll slow down the economy." A-ha. So he believes that cutting government spending hurts growth, other things equal.

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