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View Diary: Krugman: Dwindling Deficit Disorder (135 comments)

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  •  There IS a Spending Problem (9+ / 0-)

    The problem is that our government is not spending enough!  Not enough on educating our youth and also adults needing a new career!  Not enough to replace essential infrastructure!  Not enough to defense contractors....err, scratch that.

    •  should be governments - plural (6+ / 0-)

      one reason it is critical that the feds do this is that 49 states must run balanced budgets (VT is the exception) and while some (eg VA) have rainy day funds to cover short-term crises, either those are now drained or the states do not have.  IN either case we are seeing state and local government jobs disappearing, which puts more pressure on unemployment compensation and which removes their incomes from spending on the economy which continues a downward pressure felt most fully at state and local levels

      and remember that for local govts education is almost always one of the top two categories of spending, so we are eating our seed corn for the future by slashing teaching jobs and increasing class sizes

      "We didn't set out to save the world; we set out to wonder how other people are doing and to reflect on how our actions affect other people's hearts." - Pema Chodron

      by teacherken on Mon Mar 11, 2013 at 07:56:42 AM PDT

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    •  Can't cut spending and increase jobs (1+ / 0-)
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      elwior

      unless you believe the private sector will reward the government for cutting spending--as the private sector wants it to--by gratefully showering private-sector jobs at a living wage on a happy populace.

      After thirty years of testing out that proposition, I think we can shelve it as untenable.

      if necessary for years; if necessary, alone

      by SouthernLiberalinMD on Mon Mar 11, 2013 at 11:28:43 AM PDT

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