Paul Krugman has yet another post explaining that conservatives and Republicans are evil and stupid. Yeah, yeah, but the gem is his graph demonstrating that deficit fears are overblown and that we needn't worry about five years of temporary trillion dollar deficits under Obama.
As a number of commenters point out in a rollicking Reader Revolt at the Times (what, the usual moderators are on holiday break?) there was, per this analysis, no structural deficit in 2007, despite the non-repeal of the dreaded Bush Tax Cuts For The Rich (and the rest of us, apparently, based on the current breathless fiscal cliff maneuverings).
But we all know that the Bush Tax Cuts For The Rich were irresponsible and that taxes must go up, up, up. Why? Move on.