Krugman: The Comeback Skid

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The Comeback Skid

By PAUL KRUGMAN

There will be two big stars at the Republican National Convention, and neither of them will be Mitt Romney. One will, of course, be Paul Ryan, Mr. Romney’s running mate. The other will be Chris Christie, the governor of New Jersey, who will give the keynote address. And while the two men could hardly look or sound more different, they are brothers under the skin.

How so? Both have carefully cultivated public images as tough, fiscally responsible guys willing to make hard choices. And both public images are completely false.

I’ve written a lot lately deconstructing the Ryan myth, so let me turn today to Mr. Christie.

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Even if the comeback were real, this would be a highly dubious idea. By all accounts, New Jersey still has a significant structural deficit, that is, a deficit that will persist even when the economy recovers. Furthermore, the Christie tax-cut proposal would do very little for the middle class but give large breaks to the wealthy.

But in any case, the good times are by no means back, and neither is the revenue boom that was supposed to justify a tax cut. So has the very responsible Mr. Christie accepted the idea of at least delaying his tax-cut plan until the promised revenue gains materialize? Of course not.

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http://www.nytimes.com/2012/08/27/opinion/krugman-the-comeback-skid.html

Details Christie will overlook in his keynote
http://www.democraticunderground.com/10021171964

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