Krugman: 'Fiscal Cliff' a political crisis, not a debt crisis | Arkansas Blog

Krugman: 'Fiscal Cliff' a political crisis, not a debt crisis

by

10 comments

Here's Paul Krugman in yesterday's New York Times, dropping some truth bombs about the realities of "The Fiscal Cliff":

"I keep seeing articles about the 'fiscal cliff' that do, in fact, describe it — often in the headline — as a debt crisis. But it isn’t... No, what we’re having is a political crisis, born of the fact that one of our two great political parties has reached the end of a 30-year road. The modern Republican Party’s grand, radical agenda lies in ruins — but the party doesn’t know how to deal with that failure, and it retains enough power to do immense damage as it strikes out in frustration."

Tags


Sign up for the Daily Update email

Comments (10)

Showing 1-10 of 10

Add a comment
 

Add a comment