Paul Krugman

@paulkrugman ↗

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Last Checked April 20, 2021

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Wed Apr 01 15:53:05 +0000 2020

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Paul Krugman @paulkrugman

But not enough talk, I think, about the fiscal side. First, the checks sent out by the CARES Act are one-time only, and expanded unemployment benefits expire after four months 3/ — PolitiTweet.org

Posted April 1, 2020 Hibernated

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Paul Krugman @paulkrugman

People are focusing on the damage to balance sheets. Indeed, as the pandemic subsides many households/businesses will find themselves low on assets and high on debt, inhibiting spending 2/ — PolitiTweet.org

Posted April 1, 2020 Hibernated

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Paul Krugman @paulkrugman

Second, state and local governments are under severe financial strain. They'll have to keep spending during the medical crisis, but will have to raise taxes and/or slash spending to make up that later unless they get a lot more federal aid 4/ — PolitiTweet.org

Posted April 1, 2020 Hibernated