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Krugman on Obama’s deficit proposal: "horrifying... politically stupid"



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Paul Krugman:

Jonathan Cohn summarizes what seems to have been in the deal that Boehner walked away from; it’s horrifying. Above all, the proposed rise in the age of Medicare eligibility was a real betrayal of both Democratic principles and good government.
But it’s quite something else to take people who are currently being covered by a rational single-payer system, and force them back into the inefficient, parasitic world of private insurance. That’s terrible. And it’s also politically stupid: if you think for a minute that Republicans wouldn’t turn right around and run ads about how Obama is taking away your Medicare, you’ve been living under a rock.
Great work, White House.


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