I tend to doubt Krugman has given much serious thought to the coming entitlement fiscal meltdown bomb, absent course corrections of some kind. What, me worry?
Krugman has gone on the record multiple times to say that we do need to do something about Medicare at some point in the next couple decades (which is, at least on the federal level, the virtual entirety of the "entitlement bomb").
He has thought about it and concluded, rightly, that focusing on it now to the exclusion of fixing our more pressing short-term problems will do more harm than good.
It is curious that the stock market has zoomed up since it appeared that sequester was a done deal. Stock prices are one of the more important leading economic indicators. Is it just barely possible that Krugman might be wrong here?
