Martin Feldstein, an economic advisor to Obama, criticized “ObamaCare’s Crippling Deficits” in Monday’s Wall Street Journal, noting that “the higher taxes, debt payments and interest rates needed to pay for health reform mean lower living standards.”

Obama probably chose Feldstein as an adviser because of Feldstein’s support for big stimulus packages during recessions. But selecting him was politically unwise, since Feldstein has a history of candidly criticizing Presidents for allowing deficit spending to continue after recessions end (as an economic adviser…

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Obama’s health-care plan is drawing criticism from one of his own advisers, Harvard University’s Martin Feldstein. In today’s Washington Post, Feldstein warns that “For the 85 percent of Americans who already have health insurance, the Obama health plan is bad news. It means higher taxes, less health care and no protection if they lose their current insurance because of unemployment or early retirement.” Obama’s plan would “cost more than $1 trillion,” and raise the top federal “income-tax rate from 35 percent…

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Harvard economist Martin Feldstein, who has advised Obama, warns that “the barrage of tax increases proposed in President Barack Obama’s budget could, if enacted by Congress, kill any chance of an early and sustained recovery.” He compares Obama’s tax increases to the ones that contributed to the Great Depression and the “Lost Decade” of economic stagnation and decay in Japan.

Feldstein, who serves on Obama’s economic advisory board, has also “warned of serious inflation and higher taxes down the road” as a result of Obama’s policies.

Feldstein singles…

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