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View Diary: Krugman: Dwindling Deficit Disorder (135 comments)

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  •  That is why the Krugman plan is to borrow (5+ / 0-)

    cheaply now to invest in what will build up the economy so that taxes on increased incomes will result in paying down the debt later.

    Education and infrastructure, not the military and corporate subsidies.

    All of this assumes that we can get away from Republicans creating massive deficits at every opportunity in order to Starve the Beast. To them, the Beast is anything that helps anybody other than the rich and the racist pseudo-Christian allies of the rich who can be induced to vote against their own interest "because Blacks get hurt worse," in the words of Southern Strategist Lee Atwater. Programs for the poor, financial regulation, consumer product safety, environmental protection, renewable power, science, Medicare, Social Security, Medicaid&ellip;

    If they were serious about wanting people to be "makers", making enough money to pay income taxes, they would be helping to rein in corporations and empowering labor unions, and would fully fund education and other anti-poverty programs. Then we could cut the programs after poverty is eliminated. Which brings us back to borrowing at the current spectacularly low interest rates.

    Ceterem censeo, gerrymandra delenda est

    by Mokurai on Mon Mar 11, 2013 at 09:17:32 AM PDT

    [ Parent ]

    •  The plans is never anything other than spending (1+ / 0-)
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      elwior

      And its not a plan of "lets do this now and then change it later" its a plan of "lets do this now with justification X, and then do it later with justification Y" or "lets do this now, and we'll change it at some undefined later which never arrives"

      Krugman (and I suspect others) know that once you start spending, you don't ever stop.

      Then we could cut the programs after poverty is eliminated.
      aka never.

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