Quote of the Day: Krugman Calls Obama a 'Deficit Peacock'

Heather Horn Jan 29, 2010
The Center for American Progress provided the ammunition, and Paul Krugman fired away. The administration-friendly think tank first coined the term "deficit peacocks"--politicians showily imitating budget hawks. The essay said deficit peacocks are identified by their adoption of flashy positions involving spending freezes. In his Friday column, Krugman makes the call:
One week later, in the State of the Union address, President Obama proposed a temporary freeze in nondefense discretionary spending ... What’s going on here? The answer, presumably, is that Mr. Obama’s advisers believed he could score some political points by doing the deficit-peacock strut.

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