The Sky Isn't Falling?

I was afraid this would happen. Now that Democrats are in charge, some voices on the left are saying that the deficit isn't actually a big deal and that we should continue to spend like crazy if it means expanding social programs. My frustration with this isn't that I think we need to cut social programs. But it really bothers me that Democrats were saying Republicans were spending too much (which they were), but now that we are in power, we will learn how to make excuses for a lack of restraint.

I don't know for sure if Paul Krugman of the NY Times was one of those voices, but I have a feeling that he was. But there were people like him saying that our deficits will soon spell doomesday for our economy, and now seem to think that all will be okay as long as we expand every single program we support.