Krugman on "Third Way"

The professor gives his take on the Third Way's editorial excoriating Elizabeth Warren et al.

I mean, going after Warren and de Blasio for not being willing to cut Social Security and their “staunch refusal to address the coming Medicare crisis” ??? Even aside from the question of exactly what the mayor of New York has to do with Medicare, this sounds as if they have been living in a cave for years, maybe reading an occasional screed from the Pete Peterson complex.

On Social Security, they’re still in the camp insisting that because the system might possibly have to pay lower benefits in the future, we must move now to cut future benefits. Oh, kay.