Is Austerity Failing?

By: Nick Ottens (Diary)  |  May 28th at 12:47 PM  | 

n his latest New York Times column, economist Paul Krugman criticizes the “pain caucus” in Europe, notably the European Central Bank (ECB), for insisting that sound money and balanced budgets will somehow fix all of the continent’s fiscal woes. Austerity, he argues, is failing and American policy makers would be ill advised to repeat it in their own country. Krugman’s column is unfortunately so filled | Read More »

Obama: Budget Cutters “Impatient”

By: Nick Ottens (Diary)  |  February 19th at 05:53 AM  | 

President Barack Obama has called critics who point out that his budget falls short of restoring fiscal balance “impatient.” After running multitrillion dollar deficits for two years though and bracing for a third, how much more patience does he want? The president introduced a $3.7 trillion budget on Monday that included $100 billion in yearly spending cuts. While his budget would achieve $1.1 trillion in | Read More »

Paul Krugman’s Big Government Fantasies

By: Nick Ottens (Diary)  |  February 14th at 10:57 AM  | 

Economist and New York Times contributor Paul Krugman rallies against Republicans’ spending cuts in his latest column, blaming them for sacrificing America’s future in favor of short term political gain. Krugman notes that while the majority of Americans support budget cuts, they actually like to keep the government spending that benefits them. Thus, “Republicans don’t have a mandate to cut spending,” he believes. The fact | Read More »