Saturday, February 11, 2012

Did They Consult Krugman?

"WASHINGTON — President Obama will lay out a budget blueprint on Monday that amounts to an election-year bet that a plan for higher taxes on the rich and more spending on popular programs like infrastructure and manufacturing will trump concerns over the deficit."


"“We must transform our economy from one focused on speculating, spending and borrowing to one constructed on the solid foundation of educating, innovating, and building,” the document states."


"But deficit reduction may be beside the point. Mr. Obama appears to be laying out a campaign document that pits jobs programs paid for with tax increases on the rich against the deep spending cuts that will be the heart of the Republican Party’s economic program, rebuilding versus austerity."


NYT

I hope professor Krugman had a say on this.

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