Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 22, 2020

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Wed Oct 09 13:35:16 +0000 2019

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Paul Krugman @paulkrugman

All through the Obama years, Republicans gave fire-and-brimstone speeches denouncing the evils of budget deficits — and blackmailed Obama into fiscal austerity in the face of high unemployment. Then they blew up the deficit as soon as they were in power 2/ — PolitiTweet.org

Posted Oct. 9, 2019 Hibernated

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Paul Krugman @paulkrugman

While we're all (rightly) focused on the constitutional crisis, CBO just projected a fiscal 2019 deficit of $984 billion — just shy of a trillion. No need to panic about solvency; but we should marvel both at GOP hypocrisy and how little all this debt bought 1/ — PolitiTweet.org

Posted Oct. 9, 2019 Hibernated

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Paul Krugman @paulkrugman

The deficit was $660 billion in fiscal 2017 (which ended on Sept. 30 and didn't reflect the Trump tax cut). So we've seen a $320 billion surge despite a growing economy that should have brought the deficit down. That's a lot of fiscal stimulus! 3/ — PolitiTweet.org

Posted Oct. 9, 2019 Hibernated