Friday, December 14, 2012

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

Posted By on Fri, Dec 14, 2012 at 7:09 AM

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:

Favorite

Speaking of Politics

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by David Koon

Readers also liked…

Most Shared

  • Tackling autism, child by child

    An Arkansas Children's Hospital doctor is testing a new drug that targets one of a host of ailments the highly individual disorder can cause.
  • 1957 all over again

    Last week, the State Board of Education voted to ignore federal courts and allow school district transfers that will encourage segregation.
  • Death penalty lives

    Barely clinging to its flagging life, the death penalty got a merciful reprieve last month from the unlikeliest quarter, the Arkansas Supreme Court.
  • Drinking culture

    Here we go again. At the rate these campus sexual abuse sagas are making news, it's reasonable to ask what college administrators can possibly be thinking about.

Most Viewed

Most Recent Comments

Blogroll

 

© 2016 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation