Jan. 14, 2013
Paul Krugman and Narayana Kocherlakota call for more "stimulus," continuing one of America's oldest traditions: incurring debt.
Only Obama could appoint someone who insisted to Congress that the Obama budget that he crafted would not add to the debt of the United States in spite of the fact that it never produced an annual deficit lower than $600 billion over 10 years.
Republicans must ask themselves how voters, who constantly hear their campaign promises to cut spending and tackle the out-of-control government debt, will react when they cannot even enforce the sequester cuts that they voted for.
California Governor Jerry Brown puts the lie to the Obama Administration's claim that Medicaid expansion would not be onerous on states, with the state's bill coming in at $350 million.