In America, many self-described deficit hawks are hypocrites, pure and simple: They’re eager to slash benefits for those in need, but their concerns about red ink vanish when it comes to tax breaks for the wealthy. Thus, Senator Ben Nelson, who sanctimoniously declared that we can’t afford $77 billion in aid to the unemployed, was [...]
Posts Tagged ‘Krugman’
Political quote of the day
Posted: 18th June 2010 by Brant in biz, politicsTags: deficit, economy, Krugman, republicans, taxes
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Paul Krugman has a great op-ed piece in today’s New York Times. He notes the the conventional wisdom in economics circles is that the time has come to slash budget deficits in order to staunch anticipated inflation. The problem with this approach is that we have only started a recovery from the worst economic disaster [...]
Political quote of the day
Posted: 8th February 2010 by Brant in politicsTags: Congress, economy, Krugman, Obama, republicans
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But by now, we know how the Obama administration deals with those who would destroy it: it goes straight for the capillaries. – Paul Krugman, describing President Obama’s reaction to GOP obstruction and Senate “holds.”
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Paul Krugman: Old-fashioned voodoo economics — the belief in tax-cut magic — has been banished from civilized discourse. The supply-side cult has shrunk to the point that it contains only cranks, charlatans, and Republicans.