Krugman: Beware “bipartisan” entitlement cuts

Krugman: Beware “bipartisan” entitlement cuts

In a column reminiscent of his work urging President Obama to push for a larger stimulus package four years ago, New York Times columnist Paul Krugman today warned that Republicans are trying to sneak in "plutocrat-friendly" policies as a Trojan horse during the debate over the soon-to-expire Bush tax cuts, entitlement reform and the "fiscal cliff."Savings on entitlements, Krugman writes, hit lower- and middle-income Americans harder. Raising the retirement age or the age for Medicare eligibility, he writes, "would be a hugely regressive policy change," because "the increase in life expectancy is concentrated among the affluent; why should janitors have to retire later because lawyers are living longer?"And on the question of limiting deductions while leaving the Bush rates in effect, he writes:Continue Reading…

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