Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 30, 2020

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Tue Sep 08 12:18:53 +0000 2020

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Paul Krugman @paulkrugman

What, after all, do state/local governments spend on? Around 40% is education or infrastructure; a substantial part of the rest is spending on children 3/ https://t.co/HcxrDEH1HF — PolitiTweet.org

Posted Sept. 8, 2020

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Paul Krugman @paulkrugman

Many people, including Fed officials, have emphasized the point that state/local austerity will delay recovery, the way it did in 2010-15. But the business cycle isn't the only issue. We're also gratuitously damaging our future 2/ — PolitiTweet.org

Posted Sept. 8, 2020

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Paul Krugman @paulkrugman

So think of the coming cuts as involving savage reductions in investment in the future: we'll have worse nourished, less healthy, worse educated children, who will become less productive adults, plus worse roads and other social capital 4/ — PolitiTweet.org

Posted Sept. 8, 2020