03/02/2012 08:47 am ET Updated Mar 02, 2012

Paul Krugman: GOP Fiscal Proposals Are Sound 'If You Believe In Magic'

Mitt Romney is very concerned about budget deficits. Or at least that’s what he says; he likes to warn that President Obama's deficits are leading us toward a "Greece-style collapse."

So why is Mr. Romney offering a budget proposal that would lead to much larger debt and deficits than the corresponding proposal from the Obama administration?

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