Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search


(71,796 posts)
Sun Feb 10, 2013, 11:06 PM Feb 2013

Krugman on Obama’s State of the Union: ‘The less he says about the deficit the better’

“What do you want to hear in the State of the Union?” Hayes asked Paul Krugman, the New York Times economic columnist and Nobel prize winner.

“What I’d like to hear, I’m not going to hear. I’d like to hear a full-throated endorsement of more stimulus.”

He explained instead what he did not want to hear: “This whole business with the sequester, all of this is, this is not the time for any of this, and the less he says about the deficit, the better. I mean I was really gratified by the second inaugural, because he said almost nothing about the deficit. He finally broke out of that beltway obsession with the deficit. So if he talks about other things, the middle class, inequality, climate, and not about what we need to balance the budget, that’s what I’m mostly hoping for.”


2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Krugman on Obama’s State of the Union: ‘The less he says about the deficit the better’ (Original Post) kpete Feb 2013 OP
The deficit is a trap Lefty Thinker Feb 2013 #1
That would be great. But I doubt it will happen. progressoid Feb 2013 #2

Lefty Thinker

(96 posts)
1. The deficit is a trap
Sun Feb 10, 2013, 11:37 PM
Feb 2013

And the economically naïve will walk right in without seeing it. It sounds so reasonable, like advice we've heard all our lives from people we respect: "Live within your means." Republicans want to use this misapplied metaphor to enrich those who are already wealthy. Democrats want to use Republicans' efforts against them in a form of political jiu-jitsu as the Republican policies wreck the economy. But it is the middle class that will pay the price for these political maneuvers.

Latest Discussions»General Discussion»Krugman on Obama’s State ...