Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 13, 2021

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Mon Jan 27 16:29:34 +0000 2020

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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

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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

So GDP is maybe 1% higher than it would have been without tax cuts, which is a multiplier of 0.67%; that's lousy, b… https://t.co/UpRyvrroNf — PolitiTweet.org

Posted Jan. 27, 2020 Hibernated