Deficit: An Elite Obsession

David Dayen makes a very good point, which I missed: during the Hofstra debate, in which questions were posed by members of the public rather than the Beltway elite, there wasn’t a single question about the deficit. Not one. The public really doesn’t care.

And you know what? Neither do financial markets, which continue to lend to the U.S. government at incredibly low rates.

Krugman