05/28/2012 11:01 am ET

Paul Krugman: Fiscal Phonies 'Willing To Snatch Food From The Mouths Of Babes'

Quick quiz: What’s a good five-letter description of Chris Christie, the Republican governor of New Jersey, that ends in “y”?

The obvious choice is, of course, “bully.” But as a recent debate over the state’s budget reveals, “phony” is an equally valid answer. And as Mr. Christie goes, so goes his party.

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