Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 13, 2021

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Mon Jan 27 16:27:58 +0000 2020

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Paul Krugman @paulkrugman

Tax cuts and (some) spending increases under Trump are now almost as big as the Obama stimulus at its peak. It was badly designed stimulus, with low bang for buck, but a heck of a lot of bucks 2/ — PolitiTweet.org

Posted Jan. 27, 2020 Hibernated

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Paul Krugman @paulkrugman

Unproductive to panic, but if Trump is reelected, a lot of the blame will fall on the asymmetric Beltway fixation on budget deficits. This fixation hobbled the economy under Obama; then the fiscal hawks got all quiet when Trump exploded the deficit 1/ https://t.co/NQcDFUe4Fv — PolitiTweet.org

Posted Jan. 27, 2020 Hibernated

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Paul Krugman @paulkrugman

My back of the envelope math: compared with pre-tax-cut projections, the deficit is up around $300 billion, or 1 1/2 percent of GDP. Baseline GDP growth is around 2%; we got 3% in the first year after the tax cut, then a relapse to 2% in 2nd year 3/ — PolitiTweet.org

Posted Jan. 27, 2020 Hibernated