DeLong: IT'S NOT THAT WE CAN'T MANAGE OUR DEBT, IT'S THAT RIGHT-WING REPUBLICANS SEEK TO BREAK THE ECONOMY AND THE GOVERNMENT

[T]he story isn’t “irresponsible politicians will always squander the good years”; it is “conservative Republican politicians run up debt even in good years, because they want to force cuts in social programs.” Charts/details by Krugman.