12 December 2013
Failure to include extension of long term unemployment beneifts in budget deal: Cruel, Indifferent, and Stupid
It seems to me if you concur with the vast majority of reality-based economists (a necessary qualification since the dismal science is not a science at all and many of its practitioners are about as irrational as the average witch doctor), that public spending that puts money in the hands of poor and marginally middle class people has a great multiplier effect, whereas cutting such public spending has a multiplying depressive effect on the economy, then it is impossible to conclude otherwise than that the recent budget deal represents the triumph of public policy characterized by that unholy trinity of the Right Wing: Cruelty, Indifference and Stupidity.
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