I quote:
the only way to cut spending enough to pay for the Bush tax cuts in the long run would be to dismantle large parts of Social Security and Medicare.
That got my attention this morning. Krugman's a Nobel Laureate in economics, and I am not. He was right that the stimulus was too small, and that it would be hard to go back for a second bite at that Apple.
In my diary yesterday I expressed a willingness to accept a temporary extension of Bush tax cuts for the richest 2% if necessary to extend unemployment. Reading Krugman this morning convinces me that I was wrong on that point.
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