Posted on 01/18/2013 4:51:24 AM PST by Sir Napsalot
It’s hard to turn on your TV or read an editorial page these days without encountering someone declaring, with an air of great seriousness, that excessive spending and the resulting budget deficit is our biggest problem. Such declarations are rarely accompanied by any argument about why we should believe this; it’s supposed to be part of what everyone knows.
This is, however, a case in which what everyone knows just ain’t so. The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved. The medium-term budget outlook isn’t great, but it’s not terrible either — and the long-term outlook gets much more attention than it should. ......
(Excerpt) Read more at nytimes.com ...
But Krugman (1) has the same Nobel winner like Obama to his name, and (2) tapped by Obama to be the next Treasury Sec till Krugman turned it down.
Isn't that great? The deficit porblem is already, to a large degree, solved? So nice to have an expert to tell us that, so the ordinary people can go back to our day to day worries.
I don’t know why the ravings of this smug assclown as so annoying but if you need an economic compass, just add 180 degrees to whatever way this jerk is pointing.
Paul Krugman...the dwindling dweeb.
Okay is this guy a comedian?
Is he serious about this?
Does he actually live in the real world and see that everyday people are unemployed, costs are rising, the Federal Government is 16 TRILLION dollars in the hole and adding a TRILLION to that every year?
Well some moron pays this idiot to write stupid crap so I guess he has no reason to care about real life...........
I refuse to give this clown traffic. Can anyone give a quick synopsis on what the **** he’s pulling out of his ample rectum?
(2) tapped by Obama to be the next Treasury Sec till Krugman turned it down.
What a fool. We have trillion dollar deficits with virtually zero interest rates, once rates start to move up, interest cost will explode, then game over...
Is he REALLY this stupid or is he just so full of S#!^ that his eyes are brown?
The elites never care about real life or average people. In socialism, some people are more equal than others. The Obamas and Krugmans of this world will always find a way to live handsomely at the expense of others.
Nobel prize of liars, con-men and thieves.
Socialism Is Legal Plunder - Bastiat
“Furthermore, it’s a problem that is already, to a large degree, solved.”
Linguine-spined, lexicon-looting, progressive plunderer. Let’s play hide the problem, loser.
Krugman advising the deficit is essentially resolved is like a fireman telling people to stay in the burning building because the fire is burning itself out. Krugman is not right in the head, and neither is Obama. And I’m not making a joke. Sad, really. Obama’s insane spending based on faulty Keynesian prognostications is building a debt bomb that will blow the entire world economy into bits.
(1) Spending cuts (passed in 2011) already saved us 1.5 T in the next decade, Pres Obama calls for additonal deficit reduction of 1.4 T over the next 10 years, so “the budget outlook for the next 10 years doesn’t look at all alarming”
===> Like I said, fantasy
(2) “Social Security. There was a case for paying down debt before the baby boomers began to retire, making it easier to pay full benefits later. But George W. Bush squandered the Clinton surplus on tax cuts and wars, and that window has closed.”
===> %&*$#& Still Bush’s fault. Totally ignored Pelosi
(3) “The point is that the case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect. And, no, it’s nothing like the case for urgent action on climate change.”
====> Need I say more?
Actually I will say more.
Just like it was Bush's fault to squander our riches onto Wars and Tax Cuts instead of solving Soc Sec problem.
10 years from now in the midst of economic ruins, we will still hear Krugman lamenting it is all because we didn't do enough for the urgent crisis of “Climate Change”. If only we heed his expert advice, Armageddon could have been avoided.
Comrade Krugman will say anything but his prayers.
He should be writing about the dwindling credibility of the MSM...
.... all the sycophant "experts"" and pundits...etc
“Furthermore, it’s a problem that is already, to a large degree, solved.”
I’m speechless......
There is something seriously, seriously wrong with this demented moonbat. The fact that he shares a Nobel Peace Prize for economics with the likes of Milton Friedman is on par with Arafat’s award next to Gandi’s.
The only explanation is he takes Keynes seriously on his “we owe it to ourselves” and “in the longrun we’ll all be dead” quips. Which makes him stupid, but nevertheless forthright.
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