Posted on 06/03/2012 3:33:54 PM PDT by Kaslin
New York Times columnist Paul Krugman got another much-needed education from syndicated columnist George Will on ABC's This Week Sunday.
After Krugman impugned Gov. Scott Walker (R-Wisc.) for his so-called "fiscal irresponsibility," Will simply and quite accurately responded, "A more than $3 billion budget that he inherited, a deficit, has now become a surplus" (video follows with transcript and commentary):
George Will Schools Krugman on Gov. Walker: $3 Billion Deficit 'He Inherited' Has 'Become a Surplus'
GEORGE STEPHANOPOULOS, HOST: We have a couple minutes left before we have to take a break, and I just quickly want to go to you, George Will, because you're calling this recall election in Wisconsin, coming up on Tuesday, Governor Scott Walker, the Republican, facing a recall, the second most important election this year.
GEORGE WILL: Yes, because it's a microcosm of what the country faces, an attempt to change the trajectory of the public sector. You have this extraordinary conflict there where unions are defending their privileged position. And it does look as though Wisconsin people are going to try and take that back.
The man running against Scott Walker, Mayor Barrett of Milwaukee, has used the Walker reforms to save $19 million in the Milwaukee budget itself, so he's running against a man whose reforms he's emulating and using.
PAUL KRUGMAN, NEW YORK TIMES: And yet, of course, Walker is proposing tax cuts that will do much more to hurt the budget than any of these alleged savings. So this is -- it is a microcosm. It is -- it's not -- it's not fiscal responsibility versus irresponsibility. It is a vision of what kind of country you want to have and whether we're going to redistribute income upwards.
WILL: A more than $3 billion budget that he inherited, a deficit, has now become a surplus.
Mark
One the top one hundred people that you are most likely to hear on a Sunday chat show....I’d rate Krugman as the least qualified on any topic. I wouldn’t even suggest that he could manage the business interest of a pickle factory. I wish they’d just send Krugman back to the classroom and let him teach first-year economics.
Marx had a MUCH better beard.
you should include space for the Alien Invasion Declaration that would spur more government spending!! LOL
How can a guy like Krugman have a career? He was an “economic adviser” to one of the biggest corporate economic failures to date (Enron), a failure that resulted in the CFO (that’s Chief FINANCIAL Officer, a man that Krugman no doubt spent a lot of time “advising”) going to prison. Think about it—you hire on as a consultant and the result of your labor is that your client goes to prison. How does one maintain any credibility after that? Does he have pictures of important people in compromising positions??
“Krugman has crazy schizo eyes. He weirds me out.”
Yeah, and my dog walking away from me with her tail up reminds me of his face!
you’re right.
Stick a Marx beard on George Clooney, and voila! Krugman!
Krugman defends the Solyndra loss as “only” $1 billion because it’s small potatoes compared to the $15 trillion federal debt.
Yes, he said this.
Mind-of-the-Rat logic: If gov spends even MORE of our tax dollars, a $200 billion loss won’t seem a big deal.
He never stops to ask,
“Hmm. Should government be in the business of investing other people’s money and taking risks with those scarce funds at no cost to the bureaucrat or the subsidized campaign contributor, er - “alternative-energy entrepreneur”?
Or, should government simply encourage more private investment with favorable tax policies, let individual investors make the more careful choices, and bear both the risks and rewards?”
bump
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