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Fri Jan 25, 2013, 04:56 PM

Deficit Hawks Down, by P. Krugman

Last edited Fri Jan 25, 2013, 08:22 PM - Edit history (1)

President Obama’s second Inaugural Address offered a lot for progressives to like. There was the spirited defense of gay rights; there was the equally spirited defense of the role of government, and, in particular, of the safety net provided by Medicare, Medicaid and Social Security. But arguably the most encouraging thing of all was what he didn’t say: He barely mentioned the budget deficit.

Mr. Obama’s clearly deliberate neglect of Washington’s favorite obsession was just the latest sign that the self-styled deficit hawks — better described as deficit scolds — are losing their hold over political discourse. And that’s a very good thing.

Why have the deficit scolds lost their grip? I’d suggest four interrelated reasons.

First, they have cried wolf too many times

http://www.nytimes.com/2013/01/25/opinion/krugman-deficit-hawks-down.html?hp

4 replies, 1099 views

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Reply Deficit Hawks Down, by P. Krugman (Original post)
elleng Jan 2013 OP
abelenkpe Jan 2013 #1
supernova Jan 2013 #2
elleng Jan 2013 #3
Lucky Luciano Jan 2013 #4

Response to elleng (Original post)

Fri Jan 25, 2013, 05:07 PM

1. K&R nt

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Response to elleng (Original post)

Fri Jan 25, 2013, 08:15 PM

2. You might want to edit your title

It looks like you're saying "Deficit Hawks put down (i.e. win) over Krugman." not that the title is written by our favorite economist.

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Response to supernova (Reply #2)

Fri Jan 25, 2013, 08:22 PM

3. Thanks; will do.

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Response to supernova (Reply #2)

Fri Jan 25, 2013, 11:55 PM

4. I read it as a play on "We got a Blackhawk Down!"

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