paulseglund

Krugman continues to push for a second Obama stimulus: "What Mr. Obama needs to do is level with the American people. He needs to admit that he may not have done enough on the first try."

Some government spending is necessary of course but we need to get back to the basics-defense, judicial, infrastructure upgrades and maintenance and education. Don't spend a dime overseas and implement a flat tax to replace the income tax. Lets see what happens in 5 years and then decide if capitalism works-we could be more like Switzerland. Unfortunately it will never happen as there are too many people that have already paid into programs like social security & medicare that rightly expect to see their benefits paid back. And all those people whose jobs & livelihood depend on the dole. I see Schumer stole Paul O'Niell's idea about funding every child at birth to replace social security. With the power of compounding, that idea will work but the initial deposit is more like $5000+.