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Saturday, March 21, 2015

Paul Krugman: Republicans' Trillion-Dollar Budget Gimmicks Are A "Con Job?


Republicans Solve Budget Crisis

Republicans' trillion-dollar budget gimmicks are a "con job." "The modern G.O.P.'s raw fiscal dishonesty is something new in American politics. And that’s telling us something important about what has happened to half of our political spectrum. ... The George W. Bush administration was no slouch when it came to deceptive presentation of tax plans, but it was never this blatant. And the Obama administration has been remarkably scrupulous in its fiscal pronouncements. Remember the jeering when President Obama declared that he would cut the deficit in half by the end of his first term? Well, a sluggish economy delayed things, but only by a year. The deficit in calendar 2013 was less than half its 2009 level, and it has continued to fall. So, no, Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing." The New York Times.

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