Paul Krugman sums up the GOP's...

...“Pledge to America,” which was unveiled yesterday:

“Deficits are a terrible thing. Let’s make them much bigger.”

The document repeatedly condemns federal debt — 16 times, by my count. But the main substantive policy proposal is to make the Bush tax cuts permanent, which independent estimates say would add about $3.7 trillion to the debt over the next decade — about $700 billion more than the Obama administration’s tax proposals.