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PAUL KRUGMAN: As ideas go, sequester ranks with worst

Published 02/23/2013, New York Times

Just about two years ago, Erskine Bowles and Alan Simpson, the co-chairmen of the late unlamented debt commission, warned us to expect a terrible fiscal crisis within, um, two years unless we adopted their plan. The crisis hasn’t materialized, but they’re nonetheless back with a new version.

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