Saturday, March 14, 2009

N. Gregory breaks it down for us

Mankiw in the NY Times gives 4 things he learned from reading Team Obama's budget proposal. Here they are in brief:

1. "They are economic optimists."

2. "They like to spend."

3. "They are serious about climate change."

4. "They are deficit doves."

It's actually #3 that scares me.