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Opinion | The Priming of Mr. Donald Trump

The New York Times Original article ›
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Krugman in the NYT cites president Trump's reference in an interview with the Economist magazine to the expression "priming the pump." Trump in that interview in May 2017 said he had come with the expression and feels good about it. "Priming the pump" is an expression used by president Franklin Roosevelt during the Depression period. During the depression and in 2009 the economic crisis needed a stimulus response and priming the pump. The economy today with lower unemployment is not the time to increase deficits with tax cuts for the wealthy, says Krugman. Only infrastructure spending with a long term return justifies increasing the deficit. He is critical of Speaker Ryan for supporting deep cuts into Medicaid for poor people, and yet supporting the tax cuts weighted more towards helping higher income people.


Krugman on tax cuts and deep cuts to medicaid and programs for the poor

05/15/2017

Grouped Articles

Opinion | The Priming of Mr. Donald Trump

The New York Times 05/15/2017

Return Medicaid to Its Rightful Role

WSJ 07/17/2017


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