Paul Krugman

Paul Krugman @paulkrugman

SSA projects that Social Security outlays will rise 1% of GDP by 2070. Other demographic effects on budget — Medicare and Medicaid also affected by aging. But still we're looking at couple of % of GDP — not earth-shattering 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

Secular stagnation is a problem for maintaining full employment *through monetary policy alone*. But you can also use fiscal stimulus — and low interest rates mean debt is not a serious problem 9/ — PolitiTweet.org