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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Krugman on the Central Debate

March 7, 2011March 22, 2017

From his latest column (worth reading in full), here’s Paul Krugman’s bottom line:

. . . Over the next few weeks, House Republicans will try to blackmail the Obama administration into accepting their proposed spending cuts, using the threat of a government shutdown.  They’ll claim that those cuts would be good for America in both the short term and the long term.

But the truth is exactly the reverse: Republicans have managed to come up with spending cuts that would do double duty, both undermining America’s future and threatening to abort a nascent economic recovery.

☞  And if you doubt that Republicans know how to undermine an economy, just look at how they managed to upend the Clinton/Gore prosperity of the Nineties.

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CONTORTION

Talk about overcrowding.  Check out this video, if you have a few minutes to go slack-jawed in claustrophobic amazement.

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