December 19, 2009

Krugman on deficit hawks

From a blog post entitled "The Insincere Center":

So did the deficit scolds, the people who preach the need to rein in entitlements and start paying our way, rally behind the cost-containment plans [in the health reform bill]? Um, no. As I said, they made excuses, whining that the bill doesn’t do enough . . .

[snip]

And the lesson I take from that is that these people are insincere. They like posing as defenders of fiscal rectitude; they like declaring a pox on both houses; but when push comes to shove, their dislike of social insurance, their refusal to consider any government economy measures that don’t involve punishing people with lower incomes, trumps their supposed concern about acting responsibly.

Which we more or less knew, but now they've given us incontrovertible evidence that our belief was true.

Posted by Linkmeister at December 19, 2009 02:57 PM | TrackBack
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