NPR Report: Private Prison Industry Behind Arizona's SB 1070

Friday, September 24, 2010

Paul Krugman: Downhill With the G.O.P.

In this article Nobel Prize Winner Paul Krugman examines the Republican Party's "Pledge to America", focusing on the fiscal implications of the document.

In addition to pointing out that the document is at war with arithmetic, Krugman observes that, more than anything else, it reflects the vision of conservative intellectual Irving Kristol.
The late Irving Kristol, one of the intellectual godfathers of modern conservatism, once wrote frankly about why he threw his support behind tax cuts that would worsen the budget deficit: his task, as he saw it, was to create a Republican majority, “so political effectiveness was the priority, not the accounting deficiencies of government.” In short, say whatever it takes to gain power. That’s a philosophy that now, more than ever, holds sway in the movement Kristol helped shape.


Krugman concludes:

Realistically, though, Republicans aren’t going to have the power to enact their true agenda any time soon — if ever. Remember, the Bush administration’s attack on Social Security was a fiasco, despite its large majority in Congress — and it actually increased Medicare spending.

So the clear and present danger isn’t that the G.O.P. will be able to achieve its long-run goals. It is, rather, that Republicans will gain just enough power to make the country ungovernable, unable to address its fiscal problems or anything else in a serious way. As I said, banana republic, here we come.

The link to the article:

Op-Ed Columnist - Downhill With the G.O.P. - NYTimes.com

No comments:

Post a Comment