Paul Krugman

@paulkrugman ↗

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Last Checked July 22, 2020

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Wed Jun 12 12:17:56 +0000 2019

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Paul Krugman @paulkrugman

That's a lot of stimulus. Imagine what would have happened if a GOP Congress had allowed Obama to spend 2 percent of GDP -- $400 billion a year – on something actually useful, like infrastructure. Think of how much that would have juiced the economy 5/ — PolitiTweet.org

Posted June 12, 2019 Hibernated

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Paul Krugman @paulkrugman

By the way, in terms of claims that the economy's performance somehow justifies the tax cut: here's CBO's estimate of the cyclically adjusted budget deficit, a measure of fiscal stimulus 4/ https://t.co/JAXAYrQfPi — PolitiTweet.org

Posted June 12, 2019 Hibernated

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Paul Krugman @paulkrugman

Instead, we got a bit of a boost, which is already fading, with most of the lost revenue going to stock buybacks. But here's the thing: the next time Rs propose a big tax cut, they'll pretend none of this ever happened, and that cuts pay for themselves 6/ — PolitiTweet.org

Posted June 12, 2019 Hibernated