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View Diary: Krugman On The Proposed Deal (341 comments)

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  •  The first priorities (6+ / 0-)

    are to raise taxes on the wealthiest Americans, as that will not negatively impact growth;  take the debt limit off the table so Republicans can't hold the country hostage; and preserve unemployment benefits, food stamps, and other current safety net programs (because its both the right thing to do and stimulative).

    The second priority should be more stimulus, or at least not to induce an anti-stimulus.  Growth goes a long way to solving our long term problems.  Going off the cliff is an anti-stimulus program, and thus is not necessarily the best possible deal."

    Adjusting benefits downward by using the chained CPI is a train wreck, but it's a slow-moving train-wreck.  The effects are mitigable by changes in tax and health care policy over the next decade or decades.  For that matter, more growth now could enable the benefits to be restored sooner.

    "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

    by Old Left Good Left on Tue Dec 18, 2012 at 10:20:42 AM PST

    [ Parent ]

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