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Krugman: Death Panels for Elderly Will Solve Debt Crisis
News Max.com ^ | Nov 14, 2010

Posted on 11/15/2010 7:48:20 AM PST by KeyLargo

Krugman: Death Panels for Elderly Will Solve Debt Crisis

In an explosive interview Sunday on ABC's "This Week," liberal economist and New York Times columnist Paul Krugman discussed using "death panels" for the elderly to solve America's huge debt crisis. Though he's bashed conservatives for using the term for years, Krugman now acknowledges that severe health cuts for the aged and infirm now might be the right approach.

(Excerpt) Read more at newsmax.com ...


TOPICS: Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: deathpanels; elderly; euthanize; genocide; keynesian; obamacare

Though economist Paul Krugman hastily tried to backtrack from his explosive remarks seemingly endorsing "death panels" Sunday, he routinely has bashed conservatives for using the term during the past two years. (AP Photo)


1 posted on 11/15/2010 7:48:23 AM PST by KeyLargo
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To: KeyLargo

Krugman first. I’ll be my own judge of whether or not they make my life better.


2 posted on 11/15/2010 7:50:34 AM PST by muawiyah (GIT OUT THE WAY ~ REPUBLICANS COMIN' THROUGH)
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To: KeyLargo

He wants the VAT also I like this take on it...

The man comes out for Death Panels and a Value Aadded Tax (which presumably will also apply to the additional coffins).

He called for this on ABC’s This Week with Christiane Amanpour and then attempted to soft pedal the Death Panels remark, but he means it:

...health care costs will have to be controlled, which will surely require having Medicare and Medicaid decide what they’re willing to pay for — not really death panels, of course, but consideration of medical effectiveness and, at some point, how much we’re willing to spend for extreme care...Now, you may declare that this is politically impossible. But medical costs must be controlled somehow, or nothing works.

It should be pointed out that this is coming from a guy that thinks the Fed isn’t printing enough money and wants inflation in addition to Death Panels and the VAT. Is this guy on a secret Committee to Destroy America, or what?

http://www.economicpolicyjournal.com/2010/11/krugman-im-totally-evil.html


3 posted on 11/15/2010 7:55:29 AM PST by FromLori (FromLori)
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To: FromLori

Show of hands from those who didn’t see this coming...


4 posted on 11/15/2010 7:58:11 AM PST by gov_bean_ counter ( Sarah Palin - For such a time as this...)
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To: muawiyah

The Krugman’s recieve the first exemption!


5 posted on 11/15/2010 7:59:25 AM PST by Dr. Ursus
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To: FromLori
Is this guy on a secret Committee to Destroy America, or what?

It is not a secret

6 posted on 11/15/2010 8:01:10 AM PST by NativeSon
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To: KeyLargo
Paul Krugman

This dude is on some heavy drugs.

The national sales tax, referred to as value-added tax (VAT), which governments across Europe use widely, will help cut the U.S deficit, Krugman argues.

He conflates a national sales tax with a VAT.

Nazis like Krugman always think "death panels" will fix the economy.


7 posted on 11/15/2010 8:01:20 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: KeyLargo

Nonsense!!! With all the gov’t owned property which could be sold off to approved bidders, the debts could be greatly reduced. Ban the EPA from screwing things up nd it could work.


8 posted on 11/15/2010 8:01:35 AM PST by Waco (From Seward to Sarah)
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To: KeyLargo

Sounds like Krugman is angling for a job with the Obama administration...

Oh, wait — he’s a columnist for the NYT - he ALREADY works for the Obama administration.


9 posted on 11/15/2010 8:02:27 AM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th)
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To: Waco
Ban the EPA from screwing things up and it could work.

That MIGHT take care of the national debt/deficit problems all by itself.

10 posted on 11/15/2010 8:04:04 AM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th)
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To: KeyLargo

So you mean... Sarah had it right all the time?

But I thought she was stupid and doesn’t know anything about anything?


11 posted on 11/15/2010 8:04:22 AM PST by samtheman
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To: KeyLargo

As more seniors defect from the Democrats, calls for the Death Panels to be formed will intensify.


12 posted on 11/15/2010 8:12:41 AM PST by Enterprise (As a disaster unfolds, a putz putts.)
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To: KeyLargo
They always come for the old and the crippled first
13 posted on 11/15/2010 8:13:55 AM PST by tophat9000 (.............................. BP + BO = BS ...........................Formula for a disaster...)
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To: samtheman

AMERICAN THINKER

November 15, 2010

A ‘death panel’ by any other name (updated)
Ethel C. Fenig

They laughed when Sarah Palin said Obamacare would require death panels to control medical costs. But for some reason no one laughs when New York times columnist Paul Krugman says the same thing. Maybe because he won—inexplicably—the Nobel Prize for Economics.

http://www.americanthinker.com/printpage/?url=http://www.americanthinker.com/blog/2010/11/a_death_panel_by_any_other_nam_2.html


14 posted on 11/15/2010 8:14:42 AM PST by KeyLargo
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To: KeyLargo

Are they SURE they want a lot of dissatisfied folks around with nothing to lose?


15 posted on 11/15/2010 8:16:12 AM PST by GingisK
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To: KeyLargo

Please stop referring to Krugman as an ‘economist’. It is obvious that he knows nothing about economics.


16 posted on 11/15/2010 8:16:24 AM PST by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.)
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To: Waco
The people remaining will never have to go barefoot again.


17 posted on 11/15/2010 8:24:19 AM PST by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.)
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To: KeyLargo

Typical reaction from a self-loathing liberal.


18 posted on 11/15/2010 8:34:53 AM PST by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: KeyLargo

Zenith Press Association

August 15, 2018
New York City

Former New York Times op-ed writer, economist and pundit, Paul Krugman, died today of complications from an infected ingrown toenail. Mr. Krugman, who was born in 1953, had just celebrated his 65th birthday.

Unfortunately, under the onerous provisions of the 2010 Universal Health Care Act, passed in the last year of the truncated Obama Administration, over half of the country’s physicians have abandoned the practice of medicine and care of patients. Most retired, cycled into pure research or found other occupations. Consequently, the increased wait times for patients to see a doctor for even the most serious conditions – in some cases up to 36 months – can run to 72 months for relatively minor health problems.

A family member – who wished to remain anonymous lest she be put on the “Do Not Treat List” at the Department of Death and Inhuman Services — declared that if his infection had been treated more promptly, Mr. Krugman, who was in otherwise good health, would have survived. Unfortunately, Mr. Krugman was over the cut-off age of 60 when the infection struck. Patients over 60 are listed on the “Non-Critical Condition List,” throwing them into the 72 month wait category.

Under the newly enacted Food Conservation and Recycling Act, his body was taken immediately to the Roosevelt Island Soylent Green processing facility.

-30-
(RAB/Zenith News Service Correspondent)


19 posted on 11/15/2010 8:50:21 AM PST by Dick Bachert (11/2 was a good start. Let's finish the job in 2012. U Pubbies stay strong!!)
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To: KeyLargo
Straight out of John Galt's speech:

A doctrine that gives you, as an ideal, the role of a sacrificial animal seeking slaughter on the altars of others, is giving you death as your standard.

http://amberandchaos.com/?page_id=106

20 posted on 11/15/2010 8:50:46 AM PST by NativeNewYorker (Freepin' Jew Boy)
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To: NativeNewYorker

The next death will be your job because the New York Times is going Bankrupt. Paulie we have a GOP House no Bailout.


21 posted on 11/15/2010 9:11:26 AM PST by scooby321
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To: UriĀ’el-2012

essentially, a VAT and sales tax have the same end result to a consumer. It just changes how the money is collected. In a VAT, parts of the sales tax are collected in stages, with the end result being the VAT added to the price. A Sales tax just tacks the tax on at the end.\

So a $1.00 item will be $1.10 whether there is a 10% VAT or a 10% sales tax


22 posted on 11/15/2010 9:20:35 AM PST by ChurtleDawg (voting only encourages them)
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To: ChurtleDawg
So a $1.00 item will be $1.10 whether there is a 10% VAT or a 10% sales tax

A 10% sales tax is 10% ONCE.

A 10% VAT is a 10% tax at every step of development
E.G a product with 5 steps of development at 10% => ~50% tax


23 posted on 11/15/2010 9:55:45 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: KeyLargo

24 posted on 11/15/2010 10:12:18 AM PST by syriacus (Bubbles against religious expression are OK around abortion clinics, but not OK around Ground Zero.)
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To: KeyLargo

Hey Krugman you know you aren’t a young man so be careful what you wish for because it most likely will be you.


25 posted on 11/15/2010 10:34:02 AM PST by chris_bdba
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To: KeyLargo

From the unthinkable to public advocacy. It is shocking that guy hasn’t been strung up already.


26 posted on 11/15/2010 10:46:21 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: KeyLargo

You first Paul!


27 posted on 11/15/2010 10:55:40 AM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: UriĀ’el-2012

wrong. A VAT only taxes the value added at each stage. It does not tax the total value of the product.

http://en.wikipedia.org/wiki/Value_added_tax

here is how it works:

Without any tax
A widget manufacturer spends $1.00 on raw materials and uses them to make a widget.
The widget is sold wholesale to a widget retailer for $1.20, making a gross margin of $0.20.
The widget retailer then sells the widget to a widget consumer for $1.50, making a gross margin of $0.30.

With a 10% sales tax:-

The manufacturer pays $1.00 for the raw materials, certifying it is not a final consumer.
The manufacturer charges the retailer $1.20, checking that the retailer is not a consumer, leaving the same gross margin of $0.20.
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.15, leaving the gross margin of $0.30.

With a 10% VAT:

The manufacturer pays $1.10 ($1 + ($1 x 10%)) for the raw materials, and the seller of the raw materials pays the government $0.10.
The manufacturer charges the retailer $1.32 ($1.20 + ($1.20 x 10%)) and pays the government $0.02 ($0.12 minus $0.10), leaving the same gross margin of $0.20. ($1.32 - $0.02 - $1.10 = $0.20)
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.03 ($0.15 minus $0.12), leaving the same gross margin of $0.30 ($1.65 - $0.03 - $1.32 = $0.30).


28 posted on 11/15/2010 11:17:26 AM PST by ChurtleDawg (voting only encourages them)
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To: UriĀ’el-2012

wrong. A VAT only taxes the value added at each stage. It does not tax the total value of the product.

http://en.wikipedia.org/wiki/Value_added_tax

here is how it works:

Without any tax
A widget manufacturer spends $1.00 on raw materials and uses them to make a widget.
The widget is sold wholesale to a widget retailer for $1.20, making a gross margin of $0.20.
The widget retailer then sells the widget to a widget consumer for $1.50, making a gross margin of $0.30.

With a 10% sales tax:-

The manufacturer pays $1.00 for the raw materials, certifying it is not a final consumer.
The manufacturer charges the retailer $1.20, checking that the retailer is not a consumer, leaving the same gross margin of $0.20.
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.15, leaving the gross margin of $0.30.

With a 10% VAT:

The manufacturer pays $1.10 ($1 + ($1 x 10%)) for the raw materials, and the seller of the raw materials pays the government $0.10.
The manufacturer charges the retailer $1.32 ($1.20 + ($1.20 x 10%)) and pays the government $0.02 ($0.12 minus $0.10), leaving the same gross margin of $0.20. ($1.32 - $0.02 - $1.10 = $0.20)
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.03 ($0.15 minus $0.12), leaving the same gross margin of $0.30 ($1.65 - $0.03 - $1.32 = $0.30).


29 posted on 11/15/2010 11:17:36 AM PST by ChurtleDawg (voting only encourages them)
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To: UriĀ’el-2012

I think what you are talking about is a cascading tax system, which what the VAT was designed to avoid-—where the full sales tax cost is passed on and on and on, getting larger.


30 posted on 11/15/2010 11:25:41 AM PST by ChurtleDawg (voting only encourages them)
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To: ChurtleDawg

“A VAT only taxes the value added at each stage. It does not tax the total value of the product.”

In the UK and in Canada, the VAT is on the TOTAL price of the item when sold at retail.

UK rate goes to 20% 1/1/2011

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/VAT/DG_190918

Canada varies by province, ranging from 5% in Alberta to 15% in Nova Scotia.

http://www.tmf-vat.com/international-vat-rates-2010/103-canada-vat-rate.html

So in actual fact, although the term VAT derives from “value added tax” they are sales taxes on the TOTAL price paid.

Letting the camel’s nose under the tent is really risky.

For instance the UK has a 28% tax on capital gains, and high income tax rates as well.


31 posted on 11/15/2010 11:33:18 AM PST by truth_seeker
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To: ChurtleDawg
I would be reluctant to use wikipedia
as my basis for economic understanding.

32 posted on 11/15/2010 11:34:40 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: KeyLargo

“Your life is in their hands”

And your gold fillings are in their sights...


33 posted on 11/15/2010 11:39:27 AM PST by mrsmith
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To: truth_seeker

a value added tax is like a sales tax, only the money is collected differently. In a sales tax the money is collected once, at the retail stage. In a VAT, the value added is taxed at each stage of production. The end result is the same to you, the buyer.


34 posted on 11/15/2010 11:40:59 AM PST by ChurtleDawg (voting only encourages them)
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To: Hoodat
"Please stop referring to Krugman as an ‘economist’. It is obvious that he knows nothing about economics."

Wait! But, but, he got a NO bell prize just like President Obama who knows nothing about being a president.

35 posted on 11/15/2010 12:27:56 PM PST by KeyLargo
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To: KeyLargo

lmao! That sign is hilarious!


36 posted on 11/15/2010 12:30:16 PM PST by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.)
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To: GingisK

And we have skill sets they don’t want to face, believe me!


37 posted on 11/15/2010 12:35:18 PM PST by MHGinTN (Some, believing they can't be deceived, it's nigh impossible to convince them when they're deceived.)
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To: Hoodat

Oh sh_t, the cat ate my prize!

38 posted on 11/15/2010 12:52:23 PM PST by KeyLargo
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To: MHGinTN

Roger that. (sheeeck)


39 posted on 11/15/2010 2:51:40 PM PST by GingisK
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To: ChurtleDawg; UriĀ’el-2012; truth_seeker

The VAT is a horrible way to tax. It forces the burden of taxation at every level of production, and then requires producers to ask for rebates. The compliance costs are problematic, and it is a horrible burden for small businesses. Government loves it because it allows them to track goods through various stages of production - it is a very controlling form of taxation.

The VAT encourages companies to outsource as much production as possible.


40 posted on 11/15/2010 3:27:03 PM PST by monkeyshine
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