Before the financial crisis, before the meltdown of the real estate market, before the collapse in employment, Paul Krugman was the nation's foremost economist urging Congress to forget about balancing the budget. Whether it's good times or it's bad times, it's never the right time to get the nation's fiscal affairs in order according to Krugman. For Krugman, balancing the budget is something that happens in the future, after we've made America into a utopia. Thing is, the future never comes.In his March 24 column, "The Austerity Delusion," Krugman writes: Why not slash deficits immediately? Because tax increases and cuts in government spending would depress economies further, worsening unemployment. And cutting spending in a deeply depressed economy is largely self-defeating even in purely fiscal terms.Krugman suffers from the Keynesian delusion that he and his ilk can actually manage the economy. But where are Krugman's jobs gonna come from? Does he have some plan for...(Read Full Post)