Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 22, 2020

Created

Wed Oct 09 13:38:34 +0000 2019

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Paul Krugman @paulkrugman

Imagine what might have been accomplished if we'd been willing to spend an extra $300 billion a year on infrastructure. Instead, it was mainly tax cuts for businesses and the wealthy, which were supposed to supercharge growth 4/ — 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

Followed By

Paul Krugman @paulkrugman

In reality it's unclear at this point whether the tax cut did anything for growth; it certainly didn't lead to the promised surge in investment 5/ https://t.co/sadXWBORts — PolitiTweet.org

Posted Oct. 9, 2019 Hibernated