Sunday, November 20, 2011

Failure Is Good - NYTimes.com

Paul Krugman: Failure Is Good - NYTimes.com:

"But don’t we eventually have to match spending and revenue? Yes, we do. But the decision about how to do that isn’t about accounting. It’s about fundamental values — and it’s a decision that should be made by voters, not by some committee that allegedly transcends the partisan divide.

Eventually, one side or the other of that divide will get the kind of popular mandate it needs to resolve our long-run budget issues. Until then, attempts to strike a Grand Bargain are fundamentally destructive. If the supercommittee fails, as expected, it will be time to celebrate."

Never looked at it this way. That's why I don't have a Nobel Prize ha ha.

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