nytimes.com — It’s now clear that rescuing banks is just the beginning: the nonfinancial economy is also in desperate need of help. While it's politically fashionable to rant against government spending and demand fiscal responsibility, right now increased government spending is just what the doctor ordered. Concerns about budget deficits should be put on hold.
Oct 17, 2008 View in Crawl 4
chosensonOct 17, 2008
McCain has not been right about anything except the notion to suspend his campaign. He should have made that a permanent suspension there and then, but not for the reasons he announced.
wosatOct 18, 2008
It sounds like he's advocating the same government expansion and interference that prolonged the Great Depression under FDR.
brad3378Oct 19, 2008
Google "Krugman truth squad" to learn more about Krugman.
mrfunstuffOct 19, 2008
"Now is not the time to worry about the deficit." We are 10,340,816,542,726.42 in debt When the f**k is the time to do something about it? And all the ways he listed to help the economy"federal government can do for the economy. It can , provide extended benefits to the unemployed which will both help distressed families cope and put money in the hands of people likely to spend it. It can provide emergency aid to state and local governments, so that they aren’t forced into steep spending cuts that both degrade public services and destroy jobs."all these thing don't address the problem, they just help alleviate the pain in the short term, providing extended benefits to the unemployed, provide emergency aid to state and local governments and more, all cost money we don't have. Which means we will have too get it from the Federal Reserve and are deficit goes up.Look the real problem that Americans are going to face is the devaluing of the U.S Dollar. more spending means the less are money is worth. We need to live with in are means, which means cut government spending not accelerate it. <a class="user" href="http://www.youtube.com/watch?v=XaxdUPNYj2s">http://www.youtube.com/watch?v=XaxdUPNYj2s</a>
Closed AccountOct 22, 2008
A Ph.D. is not required to see nor use common sense.