Tax & Spend Economist Krugman Says Debt 90% of GDP is Fine & US Rating Downgrade Doesn't Matter

NEN ^

[Pacothecat]

Scary Mind Of Liberal Tax & Spend Economist Exposed Paul Krugman Says Debt Up to 90% of GDP is Fine And US Credit Rating Downgrade Doesn't Matter

http://www.theblaze.com/stories/triple-a-moody-ratings-are-nonsense-scary-mind-of-liberal-tax-spend-economist-exposed-paul-krugman-says-debt-up-to-90-of-gdp-is-fine-and-us-credit-rating-downgrade-doesnt-matter/

[G Larry]

Has anyone asked Paul whether there is any part of Marxism he disagrees with?

[MestaMachine]

Do these people walk with their hands, sit on their heads, and think with their... feet?

[Free Vulcan]

Sounds great, till the rest of the world gets tired of funding our deficits.

[scooby321]

Krugman, in a November 2004 interview, criticized the "enormous" Bush deficit. "We have a world-class budget deficit," he said, "not just as in absolute terms, of course -- it's the biggest budget deficit in the history of the world -- but it's a budget deficit that, as a share of GDP, is right up there."

The numbers? The deficit in fiscal year 2004 -- $413 billion, 3.5 percent of the gross domestic product.

Your not an Economist

Your an Obama flack

[Eagle of Liberty]

Um.....Hey Paul, what about operating at 100% or over? Is that still fine? Because ALL charts showing 10 year data show us operating at over 100% of GDP after 2013 or 2014, thanks to Pelosi, Obama and Reid.

[Eagle of Liberty]

The numbers? The deficit in fiscal year 2004 -- $413 billion, 3.5 percent of the gross domestic product.

Obama's deficits - 10%, 9% and 11%. I'm sorry but anyone that is STILL defending any of DEAR LEADER's economic policies has no understanding of past data at all. There is NOT ONE economic metric where Obama's Keynesian policies have worked. At this point, I think even Keynes would tell Obama that the Keynesian model is flawed.

That is why I strongly believe that Obama is MIHOPPING our economy.

[CodeToad]

Our debt now exceeds the GDP by far. For the debt to be 90% of GDP it would have to be $13 trillion, and that’s using an inflated GDP of $14.5 trillion.

[gloryblaze]

Do you have a link to that quote? It would come in mighty handy. Krugman is really starting to bother me. He is so often quoted by libs and, with his “credentials” they buy his arguments hook, line and sinker. He is a dangerous man, IMO.

[B4Ranch]

>>Do these people walk with their hands, sit on their heads, and think with their... feet?<<

These people walk on their knees, sit on their heads, and repeat what they are told to.

[King Moonracer]

One way to bind the giant is in chains of debt. They are all traitors!!!

[Madame Dufarge]

Krugman calls on Bush to reign in the red

[Buckeye McFrog]

“because there is plenty of money in this country, the problem is that it is all in the hands of the wrong people”.

There, finished it for him.

[gloryblaze]

Thank you kindly!

[AlphaOneAlpha]

This clown Krugman has been a highly overrated mouthpiece for far too long. He's a big lefty so the left has showered him with unearned praise and accolades. When was the last time he was right about anything economic?

[BfloGuy]

He is so often quoted by libs and, with his “credentials” they buy his arguments hook, line and sinker.

The libs are all about credentials, unless, of course, you're electing a president or a senator from New York.

[IDontLikeToPayTaxes]

Your not an Economist

Your an Obama flack

Two words: You and Are.

You + Are = You're