Obama is dealing away FDR’s legacy
Cutting the payroll tax could boost the economy now -- and it could also destroy Social Security later
Friday, Dec 10, 2010 1:30 PM UTC 78Politics Barack Obama, Taxes, War Room
Julian E. Zelizer
Politics Barack Obama, Taxes, War Room
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Paul Krugman’s right: Austerity kills. "In an economy where we’re all in the same boat, one person’s spending is another person’s income. So when the government cuts spending, it reduces people’s income, leading to less business, more unemployment, and a vicious spiral of slowing down the economy."
359 points360 points361 points | 350 comments
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