paul krugman

Democrats and many economists were none too happy last week when President-elect Barack Obama’s transition team announced plans to include $300 billion in tax cuts as part of its economic stimulus blueprint — and the number of critics just keeps growing.
In his column in The New York Times today, Princeton economist and recent Nobel Laureate [...]

Last week, we wrote about the budget troubles facing states in this sputtering economy, with nearly half of them already proposing or enacting cuts to Medicaid. The reason is clear: 49 states have some form of legal balanced-budget requirement, and Medicaid, which is paid with a combination of state and federal funds, eats an enormous [...]