Paul Krugman: Debt Commission Chair Alan Simpson Is Wrong To Call For Austerity, Budget Cuts
May 17, 2012
5,654
44
26
1.24%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Amy Goodman Episodes Around May 17, 2012
See what was published immediately before and after this episode.
4:50Now PlayingPaul Krugman: Debt Commission Chair Alan Simpson Is Wrong To Call For Austerity, Budget Cuts
YouTube Description
as posted by the channelDemocracyNow.org - Earlier this week, former Sen. Alan Simpson, who co-chaired President Obama's Bipartisan Deficit Commission, attacked New York Times columnist Paul Krugman saying his work, "borders on hysteria." We ask Krugman to respond to Simpson, who has advocated for slashing spending despite the economic downturn. "We are witnessing a gigantic experiment in the kinds of policies that people like Simpson want," Krugman says. "The Europeans have gone whole hog for [austerity] with catastrophic results." Krugman says now is the time to increase government spending. "We are not saying ignore the debt forever, but it is actually counterproductive to be slashing spending right now," he says. "It depresses the economy, it depresses long-term growth, it hurts long-term revenues."
To watch the complete daily, independent news hour, read the transcript, download the podcast, and for more information, visit
FOLLOW DEMOCRACY NOW! ONLINE:
Twitter: @democracynow
Subscribe on YouTube
Listen on SoundCloud
Daily Email News Digest
Please consider supporting independent media by making a donation to Democracy Now! today, visit
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.