Deficit Arithmetic: Henry Blodget Needs to Do the Math

Henry Blodget arouses my ire by failing to do his arithmetic.

Henry Blodget:

Paul Krugman: Lost Decade, Here We Come: Where are we on this fight between Krugman (Keynesians) and Niall Ferguson, et al (who argue that our ballooning debts and deficits will kill us in the end)? In the middle.  We think Krugman is right about the short-term impact "austerity" will have on the global economy, and we never hear the Tea Party and other austerity pundits acknowledge that. At the same time, we...