Helping Kids Is a Very Good Idea [nytimes.com]

Rafael Maravilla(PACEs Connection Staff) 1/28/214:00 AM

By Paul Krugman, The New York Times, January 25, 2021

Some things about American politics are completely predictable, even in a time of insurrection and QAnon craziness. Anyone who has been paying attention over the past decade knew that as soon as a Democrat took the White House, Republicans would instantly do another 180-degree turn on budget deficits.

Remember, the G.O.P. went from hyperventilating about debt as an existential threat during the Obama years to complete indifference about deficits under Donald Trump. Surely nobody is surprised to see Republicans immediately revert to deficit hysteria now that Joe Biden is president.

Why are Republicans suddenly peddling debt phobia again? Their usual argument is that federal debt is a burden on future generations; I and others have spent considerable time trying to explain that this is bad economics.

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