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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (149480)	11/10/2010 3:15:41 PM
From: JohnM	Read Replies (2) \| Respond to of 541674

Well, Steve, what can I tell you. You're committed to an uncharitable reading of Krugman. He's been worried about the deficit for some time; wrote a great deal about it when the Bush tax cuts were on the legislative agenda. He simply argues that we can't afford to start there now when the economy needs widespread consumer demand to get restarted. He's said that repeatedly. It's fine to disagree but hardly charitable to say he should be on meds. As for the Bowles-Simpson view on tax cuts, they aim for a top rate of 26% and a ceiling on overall tax revenue. No doubt, the small print will reveal further tax cuts. My own favorite line from Krugman is the one about extending the retirement age because folk are living longer--the janitor-lawyer contrast was spot on.