Skip to comments.Paul Krugman Declares Personal Bankruptcy (Satire)
Posted on 03/07/2013 7:43:56 PM PST by Hoodat
Economist and columnist Paul Krugman declared personal bankruptcy today following a failed attempt to spend his way out of debt.
In a Chapter 13 filing to the United States Bankruptcy Court in the Southern District of New York, lawyers for Krugman listed $7,346,000 in debts versus $33,000 in assets.
The majority of his debts are related to mortgage financing on a $8.7 million apartment in lower Manhattan, but the list also includes $621,537 in credit card debt and $33,642 in store financing at famed jeweler Tiffanys and Co.
The filing says that Krugman got into credit card trouble in 2004 after racking up $84,000 in a single month on his American Express black card in pursuit of rare Portuguese wines and 19th century English cloth
Rather than tighten his belt and pay the sums back, the pseudo-Keynesian economist decided to "stimulate" his way to a personal recovery by investing in expenses he hoped would one day boost his income. . .
(Excerpt) Read more at dailycurrant.com ...
Satire, right? If not, it is so, so good news.
Well, he has been intellectually bankrupt for many years...
Somehow I suspect that if he read this, the irony would be lost on him. Liberals dish it out, but lack the part of the brain required for critical introspection.
FYI - I just checked PACER and there is no bankruptcy filing in the state of New York for a Paul Krugman. So yes, it’s satire.
Besides, if he ever got in financial trouble he could call up George Soros and get paid handsomely to do one of Soros’ despicable underhanded chores.
Priceless, brilliant and priceless. Wish link wasn’t dead so I could read it all. Still good though.
Didn’t post the way I wrote it...
“you’ll thank me later!”
Lots of folks are getting taken in on this one.
Thanks for the prominent “Satire” label.
The link is working now...