I take Paul Krugman with a grain of salt.  I much prefer Thomas Sowell and Walter Williams who don't think much of him. Other progressive economists think Krugman is a nut case. So yea I agree with you, read Paul, and read other opinions too. On debt - yes Keynesian economics works great as Germany proved. Borrow money, create an army, conquer other countries, take their stuff, then pay off your debt with it. That's how Keynesian economics works. Spending money you don't have to grow the economy without a plan is not Keynesian, it's stupidity. And finally - Obama borrowing a little less money each year than Bush is nothing to brag about.