Dealing with tough times | Arkansas Blog

Monday, July 5, 2010

Dealing with tough times

Posted By on Mon, Jul 5, 2010 at 6:30 AM

Paul Krugman explains how the "heartless, confused and clueless" (Republicans, generally) denied an extension of unemployment benefits.

But won’t extending unemployment benefits worsen the budget deficit? Yes, slightly — but as I and others have been arguing at length, penny-pinching in the midst of a severely depressed economy is no way to deal with our long-run budget problems. And penny-pinching at the expense of the unemployed is cruel as well as misguided.

So, is there any chance that these arguments will get through? Not, I fear, to Republicans: “It is difficult to get a man to understand something,” said Upton Sinclair, “when his salary” — or, in this case, his hope of retaking Congress — “depends upon his not understanding it.” But there are also centrist Democrats who have bought into the arguments against helping the unemployed. It’s up to them to step back, realize that they have been misled — and do the right thing by passing extended benefits

.

Brummett this morning, too, grapples with the question of cutting spending in the face of hard times or priming the economic pump with government money.

Meanwhile, the Walmart folks have come up with a stimulus program — SBA-backed loans to small businesses in hopes they'll spend the money at Sam's Clubs. Government-backed loans sounds a lot like government stimulus, doesn't it?

Tags: , ,


Favorite

Comments (32)

Showing 1-32 of 32

Add a comment

 
Subscribe to this thread:
Showing 1-32 of 32

Add a comment

More by Max Brantley

  • The saga of Rusty Cranford

    Don't miss David Ramsey's telling of the Rusty Cranford story and the Arkansas public corruption scandal in which he's a central figure. It is far from over, but this also gives you some personal insight to a man in the middle of the action.
    • Aug 16, 2018
  • UA-Fort Smith chancellor leaving for South Dakota, interim named

    Edward Serna will lead UA-FS will search for new chancellor is made.
    • Aug 16, 2018
  • Satan vs. the supremacists

    So it goes. The Satanic Temple unveils its statue for a rally in support of the First Amendment protection against state establishment of religion. Meanwhile, a tiny group of white supremacists appeared in opposition, lending comfort to Bro. Jason Rapert's Biblical slab on the back side of the Capitol.
    • Aug 16, 2018
  • More »

Readers also liked…

  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • Tom Cotton's influence on Trump's new security chief

    U.S. Sen. Tom Cotton is getting credit for pushing President Donald Trump to select Lt. Gen. H.R. McMaster as his national security adviser, Politico reports.
    • Feb 21, 2017
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017

Most Viewed

Most Recent Comments

  • Re: Satan vs. the supremacists

    • Jake, i like your list and would add one comment. i have observed many times…

    • on August 16, 2018
  • Re: Satan vs. the supremacists

    • I'm not dedicated to Satan and basically against anything having to do with Satan, but…

    • on August 16, 2018
  • Re: Satan vs. the supremacists

    • Well, I see that I need to make a correction. The opening segment I wrote…

    • on August 16, 2018

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation