Krugman Goes Off the Cliff

The NYT columnist just now with urgent blog post raising alarms by rumored Obama deal on fiscal cliff (as reported by Ezra Klein).  He can't believe Obama would agree to raise Medicare eligibility especially with the state of the ADA in the states right now (BTW, Jonathan Chait backs the rise).  And more.

So this looks crazy to me; it looks like a deal that makes no sense either substantively or in terms of the actual bargaining strength of the parties. And if it does happen, the disillusionment on the Democratic side would be huge. All that effort to reelect Obama, and the first thing he does is give away two years of Medicare? How’s that going to play in future attempts to get out the vote?

Greg Mitchell is the author of more than a dozen books (see right rail of this blog).  His latest, on the Obama-Romney battle, is "Tricks, Lies, and Videotape."