Glenn Reynolds, meet Paul Krugman.

Sunday, Putz wrote:

Carter had big government, but Obama has brought us monstrous government, running up bigger deficits in the first half of his first term than Bush did in eight years and increasing the national debt by more than 50 percent.

And Krugman, helpfully provided this, Monday.

Even on this crude calculation, it’s obvious that the slump is responsible for the great bulk of the rise in the deficit. Anyone who says otherwise is either remarkably ill-informed or trying to deceive you.