Eric and Irene

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Paul Krugman, writing for the New York Times:

A few weeks ago, Mr. Cantor was the hard man in the confrontation over the debt ceiling; he was willing to endanger America’s financial credibility, putting our whole economy at risk, in order to extract budget concessions from President Obama. Now he’s doing it again, this time over disaster relief, making headlines by insisting that any federal aid to the victims of Hurricane Irene be offset by cuts in other spending. In effect, he is threatening to take Irene’s victims hostage. How is it that his supporters can continue to defend him and yet, still sleep at night?

Republicans Against Science

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Paul Krugman, writing for the New York Times:

Jon Huntsman Jr., a former Utah governor and ambassador to China, isn’t a serious contender for the Republican presidential nomination. And that’s too bad, because Mr. Hunstman has been willing to say the unsayable about the G.O.P. — namely, that it is becoming the “anti-science party.” This is an enormously important development. And it should terrify us.

The President Surrenders

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Paul Krugman, writing for the New York Times:

In the long run, however, Democrats won’t be the only losers. What Republicans have just gotten away with calls our whole system of government into question. After all, how can American democracy work if whichever party is most prepared to be ruthless, to threaten the nation’s economic security, gets to dictate policy? And the answer is, maybe it can’t. So disappointed in my party.

Paul Ryan's Multiple Unicorns

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Paul Krugman, writing about GOP Congressman Paul Ryan's proposed budget plan:

Notice the marked area at the bottom: Ryan is assuming that everything aside from health and SS can be squeezed from 12 percent of GDP now to 3 1/2 percent of GDP. That’s bigger than the assumed cut in health care spending relative to baseline; it accounts for all of the projected deficit reduction, since the alleged health savings are all used to finance tax cuts. And how is this supposed to be accomplished? Not explained. This isn’t a serious proposal; it’s a strange combination of cruelty and insanely wishful thinking.