Krugman: GOP’s Plan? Eat the Future
Posted in Main Blog (All Posts) on February 15th, 2011 5:48 am by HL
Krugman: GOP’s Plan? Eat the Future
Paul Krugman: House Republicans unveiled their proposal for immediate cuts in federal spending but failed to accompany the release with a catchy slogan. So I’d like to propose one: Eat the Future. … Republican leaders like to claim that the midterms gave them a mandate for sharp cuts in government spending. … [W]hile many voters say that they want lower spending, press the issue a bit further and it turns out that they only want to cut spending on other people.
Housing Crash Hits Stable Cities
The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune. “We went into 2010 feeling gangbusters, thanks to Uncle Sam,” said Stan Humphries, chief economist for Zillow. “We ended it feeling penniless, with home values tanking.” The fact that even a fairly prosperous area like Seattle was ensnared in the downturn shows just how much of a national phenomenon the crash has been, reports the New York Times.