I'm with Krugman...
Jan. 18th, 2013 12:59 pmIn endorsing the work of this guy (though Krugman probably has a stronger technical basis in economics for his endorsement):
http://www.cbpp.org/cms/index.cfm?fa=view&id=3885
http://www.cbpp.org/cms/index.cfm?fa=view&id=3885