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Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” “The Age of Diminished Expectations” + more.

Latest Scoops

It's totally plausible that Trump has no idea that the health bill is the opposite of everything he promised voters. Who would tell him?
Senate bill would cause it to decline. *Of course* millions would lose coverage 2/
Senate bill would cause it to decline. *Of course* millions would lose coverage 2/
Under current law, Medicaid spending will rise as share of GDP -- largely because of aging (most spending is on elderly and disabled) 1/
There are only two sure things in health bill: death and tax cuts. Yes, people will die to give 1% a bit more cash https://t.co/giEikwwuzZ
So vast suffering imposed to hand the rich a favor they'll barely even notice. How do we make sense of this, politically or morally? 5/
That cut is a lot of money, but because the 1% are already rich, it raises their after-tax income only 2 percent -- hardly life-changing 4/
And more than 20 million would face that nightmare. Meanwhile, the top 1% gets a tax cut https://t.co/rxAA6rmAq6 3/
Losing health insurance -- especially if you're older, low-income, and unhealthy, which are precisely the people hit -- is a nightmare 2/
The thing I keep returning to on the Senate bill is the contrast between the intense hardship it imposes and the triviality of the gains 1/
Look at CBO analysis. If you take more than $1 trillion away from Medicare and subsidies, a lot of people will lose coverage 2/
Look at CBO analysis. If you take more than $1 trillion away from Medicare and subsidies, a lot of people will lose coverage 2/
People still talk as if some modest tweaks could make health bill significantly better. This is either silly or disingenuous 1/
So life-changing -- or life-ending -- loss for tens of millions. Meanwhile, millionaires would see after-tax income rise 2 percent 2/
The Senate bill takes health care away from 22 million so it can cut taxes on people with incomes over 500K. Two pictures 1/
The Senate bill takes health care away from 22 million so it can cut taxes on people with incomes over 500K. Two pictures 1/
The official right-wing line over the weekend was that critics of the Senate bill were being "hysterical". If so, they're hysterics at CBO
43% of tax cuts to millionaires; more than half to people with >500. For this 22m lose health insurance https://t.co/rYwwn3fu6P
Senate bill is actually worse than the House bill -- slightly fewer uninsured, but higher out of pocket expenses. https://t.co/ODNHGQeyEy
Yesterday. Will be back on duty by tomorrow afternoon
Yesterday. Will be back on duty by tomorrow afternoon
Trump's betrayal of his voters, the total phoniness of his populism, can seem to be boring old news. But we need to keep it front and center
Senate Republicans' terrible, utterly cynical bill https://t.co/mPlySUh8Wn
Still on a cycling trip, but will weigh in on the horrible Senate bill -- which is basically the same as the House bill, except worse
Total(1) => 1.0119481086731 f_u_GLN(2) => 0.94571280479431 f_f_QM(2) => 0.75869083404541 indS(2) => 0.01986289024353 indM(2) => 0.040418148040771 indM_1(2) => 0.0080921649932861 indM_2(2) => 0.003223180770874 indM_4(2) => 0.0049748420715332 indM_5(2) => 0.0057649612426758 indM_6(2) => 0.0054030418395996 indM_7(2) => 0.0039820671081543 indM_8(2) => 0.0015778541564941 f_f_pTL(2) => 0.034772872924805 f_f_dT(40) => 0.03151798248291