As Jonathan Cohn says, American conservatives have a very parochial view of what would constitute crippling levels of taxes. My colleague Ross Douthat cites the possibility of federal taxes rising to 23 percent of GDP (compared with the 19 percent assumed — unrealistically — in the Ryan plan) as something to be deeply worried about. But America is a low-tax country by international standards:
You may not approve of a shift that moves America closer to the OECD norm, but that’s not the same thing as saying that it would be inconceivable or disastrous.
Now, higher taxes alone can’t resolve our long-run budget issues, because of rising health care costs, which will eventually swamp even a large tax hike if they continue. But cost-control for Medicare plus tax increases that put us closer to the middle of the pack — although still below average, and well below several successful European economies — is a perfectly feasible answer to our long-run deficit concerns.
Paul Krugman is an Op-Ed columnist for The New York Times.
The House budget proposal shows a huge gap between the two parties' priorities, and the difference should be made clear to voters.
President Obama called the Republicans' bluff on Wednesday and laid out a budget plan that really is serious.
Where's the Democratic vision on the budget?
Once you stop listening to all the swooning and read the numbers, the Republican budget proposal looks like more voodoo economics.
Paul Krugman Op-Ed column says it is no surprise that Republicans who deny existence of global warming repudiated testimony of their own expert witness when study he conducted confirmed existence of phenomenon; says such politicians are engaged in nothing more than cynical careerism that will incur terrible costs for human race
April 18
S&P Can Call Bond Vigilantes From The Vasty DeepSometimes the magic works, and sometimes it doesn't.
April 18 //
Janitors and Corporate Executives Have the Same Pay PlanExcept for the numbers thing.
April 18 //
The 23 Percent SolutionMaybe we can't keep our low, low taxes.
April 18 //
Revenge of the Global Savings Glut (Wonkish)Capital wants to go South.
April 18 //
S&PMeh. And I am emphatic about that.
From the Opinion Blogs Schott's Vocab The Anti-DowryThe burden of student debt which delays graduates from buying property, founding businesses, or starting families.
Ross Douthat A Note on Median IncomeWhy the figure cited in today's column seems so high.
Follow The New York Times »FacebookTwitterYouTubeRSS Feeds Paul Krugman Blog RSS Subscribe to Paul Krugman’s Reading List Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Site Map © 2011 The New York Times Company Privacy Your Ad Choices Terms of Service Terms of Sale Corrections RSS Help Contact Us Work for Us Advertise if (typeof NYTD.Blogs.user != 'undefined') { if(NYTD.Blogs.user.isLoggedIn()) { var dcsvid=NYTD.Blogs.user.getId(); var regstatus="registered"; } else { var dcsvid=""; var regstatus="non-registered"; } } var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); var pageTracker = _gat._getTracker("UA-4406282-48"); pageTracker._initData(); pageTracker._trackPageview(); document.write('');Sometimes the magic works, and sometimes it doesn't.
April 18
Janitors and Corporate Executives Have the Same Pay PlanExcept for the numbers thing.
April 18 //
The 23 Percent SolutionMaybe we can't keep our low, low taxes.
April 18 //
Revenge of the Global Savings Glut (Wonkish)Capital wants to go South.
April 18 //
S&PMeh. And I am emphatic about that.
From the Opinion Blogs Schott's Vocab The Anti-DowryThe burden of student debt which delays graduates from buying property, founding businesses, or starting families.
Ross Douthat A Note on Median IncomeWhy the figure cited in today's column seems so high.
Follow The New York Times »FacebookTwitterYouTubeRSS Feeds Paul Krugman Blog RSS Subscribe to Paul Krugman’s Reading List Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Site Map © 2011 The New York Times Company Privacy Your Ad Choices Terms of Service Terms of Sale Corrections RSS Help Contact Us Work for Us Advertise if (typeof NYTD.Blogs.user != 'undefined') { if(NYTD.Blogs.user.isLoggedIn()) { var dcsvid=NYTD.Blogs.user.getId(); var regstatus="registered"; } else { var dcsvid=""; var regstatus="non-registered"; } } var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); var pageTracker = _gat._getTracker("UA-4406282-48"); pageTracker._initData(); pageTracker._trackPageview(); document.write('');Except for the numbers thing.
April 18
The 23 Percent SolutionMaybe we can't keep our low, low taxes.
April 18 //
Revenge of the Global Savings Glut (Wonkish)Capital wants to go South.
April 18 //
S&PMeh. And I am emphatic about that.
From the Opinion Blogs Schott's Vocab The Anti-DowryThe burden of student debt which delays graduates from buying property, founding businesses, or starting families.
Ross Douthat A Note on Median IncomeWhy the figure cited in today's column seems so high.
Follow The New York Times »FacebookTwitterYouTubeRSS Feeds Paul Krugman Blog RSS Subscribe to Paul Krugman’s Reading List Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Site Map © 2011 The New York Times Company Privacy Your Ad Choices Terms of Service Terms of Sale Corrections RSS Help Contact Us Work for Us Advertise if (typeof NYTD.Blogs.user != 'undefined') { if(NYTD.Blogs.user.isLoggedIn()) { var dcsvid=NYTD.Blogs.user.getId(); var regstatus="registered"; } else { var dcsvid=""; var regstatus="non-registered"; } } var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); var pageTracker = _gat._getTracker("UA-4406282-48"); pageTracker._initData(); pageTracker._trackPageview(); document.write('');Maybe we can't keep our low, low taxes.
April 18
Revenge of the Global Savings Glut (Wonkish)Capital wants to go South.
April 18 //
S&PMeh. And I am emphatic about that.
From the Opinion Blogs Schott's Vocab The Anti-DowryThe burden of student debt which delays graduates from buying property, founding businesses, or starting families.
Ross Douthat A Note on Median IncomeWhy the figure cited in today's column seems so high.
Follow The New York Times »FacebookTwitterYouTubeRSS Feeds Paul Krugman Blog RSS Subscribe to Paul Krugman’s Reading List Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Site Map © 2011 The New York Times Company Privacy Your Ad Choices Terms of Service Terms of Sale Corrections RSS Help Contact Us Work for Us Advertise if (typeof NYTD.Blogs.user != 'undefined') { if(NYTD.Blogs.user.isLoggedIn()) { var dcsvid=NYTD.Blogs.user.getId(); var regstatus="registered"; } else { var dcsvid=""; var regstatus="non-registered"; } } var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); var pageTracker = _gat._getTracker("UA-4406282-48"); pageTracker._initData(); pageTracker._trackPageview(); document.write('');Capital wants to go South.
April 18
S&PMeh. And I am emphatic about that.
From the Opinion Blogs Schott's Vocab The Anti-DowryThe burden of student debt which delays graduates from buying property, founding businesses, or starting families.
Ross Douthat A Note on Median IncomeWhy the figure cited in today's column seems so high.
Follow The New York Times »FacebookTwitterYouTubeRSS Feeds Paul Krugman Blog RSS Subscribe to Paul Krugman’s Reading List Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Site Map © 2011 The New York Times Company Privacy Your Ad Choices Terms of Service Terms of Sale Corrections RSS Help Contact Us Work for Us Advertise if (typeof NYTD.Blogs.user != 'undefined') { if(NYTD.Blogs.user.isLoggedIn()) { var dcsvid=NYTD.Blogs.user.getId(); var regstatus="registered"; } else { var dcsvid=""; var regstatus="non-registered"; } } var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); var pageTracker = _gat._getTracker("UA-4406282-48"); pageTracker._initData(); pageTracker._trackPageview(); document.write('');Meh. And I am emphatic about that.
The burden of student debt which delays graduates from buying property, founding businesses, or starting families.
Why the figure cited in today's column seems so high.
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