Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Krugman: A very, very good budget

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
johan helge Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 04:30 AM
Original message
Krugman: A very, very good budget

Krugman (http://www.nytimes.com/2009/02/27/opinion/27krugman.htm... ):

Elections have consequences. President Obamas new budget represents a huge break, not just with the policies of the past eight years, but with policy trends over the past 30 years. If he can get anything like the plan he announced on Thursday through Congress, he will set America on a fundamentally new course.

The budget will, among other things, come as a huge relief to Democrats who were starting to feel a bit of postpartisan depression. The stimulus bill that Congress passed may have been too weak and too focused on tax cuts. The administrations refusal to get tough on the banks may be deeply disappointing. But fears that Mr. Obama would sacrifice progressive priorities in his budget plans, and satisfy himself with fiddling around the edges of the tax system, have now been banished.

For this budget allocates $634 billion over the next decade for health reform. Thats not enough to pay for universal coverage, but its an impressive start. And Mr. Obama plans to pay for health reform, not just with higher taxes on the affluent, but by putting a halt to the creeping privatization of Medicare, eliminating overpayments to insurance companies.

On another front, its also heartening to see that the budget projects $645 billion in revenues from the sale of emission allowances. After years of denial and delay by its predecessor, the Obama administration is signaling that its ready to take on climate change.

And these new priorities are laid out in a document whose clarity and plausibility seem almost incredible to those of us who grew accustomed to reading Bush-era budgets, which insulted our intelligence on every page. This is budgeting we can believe in.

(..)


And even if fundamental health care reform brings costs under control, I at least find it hard to see how the federal government can meet its long-term obligations without some tax increases on the middle class. Whatever politicians may say now, theres probably a value-added tax in our future.

But I dont blame Mr. Obama for leaving some big questions unanswered in this budget. Theres only so much long-run thinking the political system can handle in the midst of a severe crisis; he has probably taken on all he can, for now. And this budget looks very, very good.

Printer Friendly | Permalink |  | Top
CTLawGuy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 04:35 AM
Response to Original message
1. Holy crap
Krugman said something nice about Obama!
Printer Friendly | Permalink |  | Top
 
nakanishi oshi Donating Member (25 posts) Send PM | Profile | Ignore Fri Feb-27-09 04:48 AM
Response to Reply #1
2. I'll recommend two columnists to you
E.J. Dionne and Bob Herbert. If nice things about Obama is what you are seeking, they are your guys.
Printer Friendly | Permalink |  | Top
 
CTLawGuy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 05:07 AM
Response to Reply #2
5. how about guys who don't
bash Obama in every single column, Ill take that.
Printer Friendly | Permalink |  | Top
 
nakanishi oshi Donating Member (25 posts) Send PM | Profile | Ignore Fri Feb-27-09 07:35 AM
Response to Reply #5
11. Pushing someone to the left is bashing?
That's news to me.

Printer Friendly | Permalink |  | Top
 
roguevalley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 03:35 PM
Response to Reply #5
37. you confuse Obama with his ideas. Bashing ideas that don't work
is always good. Confusing that with Obama bashing is innane.
Printer Friendly | Permalink |  | Top
 
depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 04:55 AM
Response to Reply #1
3. Could you have written anything shallower?
One wonders.

The trick will be whether Democrats in the Senate have the smarts and the integrity to get this through.

They certainly have the ability to do so:

http://www.huffingtonpost.com/chris-weigant/democrats-s...

Whether or not they will is another matter.
Printer Friendly | Permalink |  | Top
 
CTLawGuy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 05:06 AM
Response to Reply #3
4. yes I could have, but it's early
NT
Printer Friendly | Permalink |  | Top
 
Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 06:47 AM
Response to Reply #3
8. Could he have written anything more accurate?
I thought the same thing. Krugman is actually saying something positive about Obama? Can't be.
Printer Friendly | Permalink |  | Top
 
ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:19 AM
Response to Reply #1
9. Rahm Emanuel must've had a little chat with Prof. Krugman.
Edited on Fri Feb-27-09 07:19 AM by ClarkUSA

Printer Friendly | Permalink |  | Top
 
mucifer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:41 AM
Response to Reply #9
18. Rham Emmanuel is not the President. I don't know what you are implying.
Printer Friendly | Permalink |  | Top
 
nakanishi oshi Donating Member (25 posts) Send PM | Profile | Ignore Fri Feb-27-09 09:32 AM
Response to Reply #18
21. me either
Krugman praised the budget for being big enough, while Emanuel is in charge of watering down bills to make Olympia Snowe happy.

I thus don't understand how this column by Krugman could have been influenced by Emanuel.
Printer Friendly | Permalink |  | Top
 
Lilith Velkor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 10:23 AM
Response to Reply #21
33. The implication is that Rahm threatened him.
I can picture it : Emanuel grabbing Krugman by the collar and holding an X-acto knife up to his face, growling the question, "Do you want to know how I lost this finger? Hanh? Do ya?" as his knife hand extends the middle finger.

In a blur of movement, Krugman uses his little-known jujitsu training and throws him off. Unfazed, Emanuel laughs heartily and asks, "Why so serious?" as he slowly backs out of Krugman's office.

That must have been how it went down.
Printer Friendly | Permalink |  | Top
 
SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:46 AM
Response to Reply #9
27. I think Krugman, like most of us, just disagrees with some things and agrees with others.
Printer Friendly | Permalink |  | Top
 
chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 11:44 PM
Response to Reply #9
39. ROF!! You are joking, right? n/t
Printer Friendly | Permalink |  | Top
 
BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:23 AM
Response to Reply #1
10. Was that a monkey that just flew out of my butt?
Printer Friendly | Permalink |  | Top
 
Lilith Velkor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:43 AM
Response to Reply #10
19. No, that was your head.
Printer Friendly | Permalink |  | Top
 
BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:03 AM
Response to Reply #19
20. And a fine good morning to you, too
:patriot:
Printer Friendly | Permalink |  | Top
 
Lilith Velkor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:35 AM
Response to Reply #20
22. Cheers!
:toast:

(WTF, it's Friday.)
Printer Friendly | Permalink |  | Top
 
BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:38 AM
Response to Reply #22
24. And T effing G for that
:toast:
Printer Friendly | Permalink |  | Top
 
babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:31 AM
Response to Reply #1
16. I too am shocked, in a good way! nt
Printer Friendly | Permalink |  | Top
 
mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 05:16 AM
Response to Original message
6. I agree with its overall trajectory.
I don't like the mortgage deductability modification on homes owned by people making over $250K because it will have a ripple effect on the housing market and could affect local tax receipts in the longer run as there could be decline in housing values in higher priced urban areas. But overall, it a great step forward.
Printer Friendly | Permalink |  | Top
 
democrattotheend Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 05:41 AM
Response to Original message
7. This is very encouraging
Krugman has been pretty critical of Obama, but he is well-respected and I generally agree with him on policy, so I take his criticism seriously and his seal of approval on the President's budget is encouraging. Of course, the budget will probably be watered down some by Republicans and Blue Dogs before it passes, but I am glad to see President Obama shoot for the moon this time.
Printer Friendly | Permalink |  | Top
 
Clio the Leo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:54 AM
Response to Original message
12. It occurred to me this morning that the ONLY negative thing I've heard....
.... about the budget is that "it's too optimistic." (silence................ )

:)
Printer Friendly | Permalink |  | Top
 
Mass Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:56 AM
Response to Original message
13. But, but, he does not understand politics.\nt
Printer Friendly | Permalink |  | Top
 
Teaser Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:46 AM
Response to Reply #13
26. Yeah, he doesn't
but stopped clocks and whatnot.
Printer Friendly | Permalink |  | Top
 
Jennicut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:03 AM
Response to Original message
14. It is a good budget. Ambitious and thinking towards the future.
Printer Friendly | Permalink |  | Top
 
Forkboy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:27 AM
Response to Original message
15. Is Krugman good or bad this week?
Printer Friendly | Permalink |  | Top
 
SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:39 AM
Response to Reply #15
25. Do you think FedEx can outrun UPS?
I've got to speed some flowers ahead of the box of dog crap I sent him yesterday :P
Printer Friendly | Permalink |  | Top
 
Forkboy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 10:11 AM
Response to Reply #25
31. LOL
Edited on Fri Feb-27-09 10:11 AM by Forkboy
Gives new meaning to "What can brown do for you?" :rofl:
Printer Friendly | Permalink |  | Top
 
DevonRex Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:52 AM
Response to Reply #15
29. He's always a great economist. Sometimes he's too snarky as a columnist.
No liberal is all good or all bad.
Printer Friendly | Permalink |  | Top
 
Forkboy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 10:12 AM
Response to Reply #29
32. That would be the sane response.
Are you sure you belong here? ;)
Printer Friendly | Permalink |  | Top
 
DevonRex Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 10:53 AM
Response to Reply #32
36. Thank goodness I do. Gotta belong somewhere. Ready for some more sanity?
Snark sells papers and gets people talking. So sometimes the snark is just for the sake of snark, which sells the paper, which pays Mr. Krugman's salary and advertises his books, which people will buy because they love his snark. Let's just call it his personal economy.

:)
Printer Friendly | Permalink |  | Top
 
BlooInBloo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:39 AM
Response to Original message
17. hahaha! This is gonna KILL the ihateobama people!
Without Krugman criticizing, they got nuthin!

:rofl:
Printer Friendly | Permalink |  | Top
 
Forkboy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:38 AM
Response to Reply #17
23. I dunno, the I Hate Krugman people seem to be having a hard time as well.
Printer Friendly | Permalink |  | Top
 
paulk Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 10:30 AM
Response to Reply #17
34. I wish I could live in your black and white world
life would be so much easier
Printer Friendly | Permalink |  | Top
 
vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:52 AM
Response to Original message
28. What's up with the massive tension here?!
I thought this was a fair analysis and I find a lot of Krugman's criticisms fair although laden with asymmetrical information. That being said, I'm an Obama supporter as well. I also had issues with the tax cuts that Obama put in, and I felt it was way way too much even if we're trying to make this bipartisan. So this is definitely a step forward.
Printer Friendly | Permalink |  | Top
 
Lilith Velkor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 10:41 AM
Response to Reply #28
35. Just some sad sacks who never got over the primaries.
Every time there's an OP about Krugman or either of the Clintons, they have shit fits.

The admins have been gracious enough to keep them around so we can make fun of them.
Printer Friendly | Permalink |  | Top
 
vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 04:21 PM
Response to Reply #35
38. Ahh, understood. n/t
Printer Friendly | Permalink |  | Top
 
DevonRex Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:54 AM
Response to Original message
30. Good column. nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Sep 15th 2014, 10:07 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC