Saturday, February 12, 2011

Krugman on House Budget Cuts: Eat the Future

In Eat the Future Krugman tries to understand the rationale behind GOP proposed budget cuts. "The obvious answer, once you think about it, is to eat the future: to cut spending in a way that undermines the nation’s long-run prospects, but doesn’t impose all that much pain on voters right now."

"WIC is nutritional aid for pregnant women and women with young children; let’s cut that, because the damage to the nation from malnourishment is a problem for future politicians. NOAA is weather and climate — hey, what we don’t know can’t hurt us. Nuclear nonproliferation — well, we probably won’t feel the pain of a terrorist nuke assembled from old Soviet fissile material for a couple of years. FEMA — well, how often do hurricanes hit New Orleans? CDC — with luck, by the time plague hits someone else can be blamed."

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