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Monday, December 17, 2012

'Can't Obama Play This Game?'

One more from Brad DeLong, a comment on the negotiations over the fiscal cliff, and it's not good news:

Can't Obama Play This Game?: This Is a Lousy Fiscal Cliff Deal Weblogging: "Chained-CPI" is code for "let's really impoverish some women in their 90s!" It's a bad policy. It should be off the table. Failing to extend the payroll tax cut is bad policy. It should be off the table. Failing to boost infrastructure spending is bad policy. It should be off the table.
This deal would still be on the table in January. And odds are Obama could get a much better deal than this come January...
Grrr.

    Posted by on Monday, December 17, 2012 at 01:21 PM in Economics, Politics | Permalink  Comments (40)

          


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