Cheating Our Children - By PAUL KRUGMAN NYTimes.comQuicklink submitted by Susan Lee Schwartz Permalink
(more...) (less...) ,
|Over the past few weeks, there has been a remarkable change of position among the deficit scolds who have dominated economic policy debate for 3years. It's not about the crisis next month; it's about the long run, about not cheating our children. The deficit, we're told, is really a moral issue. Pundits who spent years trying to foster a sense of panic over the deficit have begun writing pieces lamenting the likelihood that there won't be a crisis, after all. Maybe it wasn't that significant when President Obama declared that we don't face any "immediate" debt crisis, but it did represent a change in tone from his previous deficit-hawk rhetoric. And it was startling, indeed, when John Boehner, the speaker of the House, said exactly the same thing a few days later"..."The new argument is as bad as the old one. Yes, we are cheating our children, but the deficit has nothing to do with it. "|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.