Posted on 01/16/2013 5:11:36 PM PST by Olog-hai
Paul Krugman, a liberal economist and New York Times columnist, said increased government spending is key to economic recovery.
During an interview on Friday on “Moyers & Company,” on PBS, Bill Moyers asked, “And you argue that this could actually be solved in two years?” …
(Excerpt) Read more at cnsnews.com ...
Of course it would. Just like it did the first time. Or not...
By the time Porkulus is paid off it will add a couple trillion to the national debt.
If true, we would already be in High Cotton.
The same idea has worked for years for people facing bankruptcy. Let’s spend some more money and we’ll be fine! If you’re an economist and this makes sense, something is wired wrong. For the record, my major is in Econ.
I’d like to round up all the Keyensians and take them to Vegas. I’d force the house to give me a commission on what they lose since they love to double down all the time! lol
Porkulus = more jobs for China, more debt for US.
Sure thing Krugman, I wonder if we should double the spending and make it in one year?
What could possibly go wrong? Fool.
Government spending will do the same thing FDR did!
Extend a one year depression into 12 years!!!
“If we just went back to normal rates of filling potholes and normal rates of employment of school teachers that could be done in months.”
Amazing Paul has outdone himself! Perhaps a Nobel Peace Prize would be appropriate.
\s
BIG GOVERNMENT IS CRONY SOCIALISM
Socialism Is Legal Plunder - Frederic Bastiat 1801-1850
I went to a Liberal NE school, save the business and engineering schools, and I agree, the idea that somehow Government spending can rescue an economy saddled with debt is flat wrong.
You go into the hole by $2 to earn a dollar, it wil never, ever work.
He is not a scholar, he’s a buffoon.
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