As Romney, in his nomination acceptance speech, hit Obama first for his Medicare cuts and then for the defense cuts triggered by the Budget Control Act, I tweeted that he was attacking Obama for cutting $1.2 trillion in spending - pretty funny for someone supporting a Balanced Budget Amendment to the Constitution.
Paul Krugman made the same point last week -- "OK, so deficit spending hurts the economy — unless it’s spending on the military (or on the medical-industrial complex), in which case cutting spending destroys jobs." Today, he elaborates:
Showing posts with label military Keynesianism. Show all posts
Showing posts with label military Keynesianism. Show all posts
Sunday, September 09, 2012
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