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This Is Not A Crisis
New York Times ^ | September 17, 2013 | by Paul Krugman

Posted on 09/17/2013 1:55:53 PM PDT by Oldeconomybuyer

It’s not even a picture of a crisis. The new CBO long-term budget projections are out, and while they’re not good, they don’t show crisis levels of debt even looking out a quarter-century. Unless, that is, you believe that debt of 100 percent of GDP is the end of the world even though Britain exceeded that level for a large part of its history.

So budget deficits, entitlement reform, and all that simply don’t deserve to be policy priorities, let alone dominate the national discussion the way they did for the past few years.

(Excerpt) Read more at krugman.blogs.nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: journalism; krugman; media; socialism

1 posted on 09/17/2013 1:55:53 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

He’s now a caricature of himself....


2 posted on 09/17/2013 1:56:32 PM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: Oldeconomybuyer
Obama's resident apologist didn't waste any time.

Krugman, those Obama-monogrammed kneepads are getting a bit worn.

3 posted on 09/17/2013 1:58:26 PM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: Oldeconomybuyer

Stop the Fed pumping, stop the near zero interest rates and just watch what happens.


4 posted on 09/17/2013 1:59:09 PM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: Oldeconomybuyer

5 posted on 09/17/2013 1:59:19 PM PDT by OB1kNOb (If govmt is stockpiling guns, ammo, food, & meds, don't you think it's a good idea to do the same?)
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To: Oldeconomybuyer

So budget deficits, entitlement reform, and all that simply don’t deserve to be policy priorities, let alone dominate the national discussion the way they did for the past few years.

Then it was no big deal when Bush was President,
and it won’t be a big deal when Palin is President.
Got it.


6 posted on 09/17/2013 1:59:53 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Oldeconomybuyer

Is this from the Onion?


7 posted on 09/17/2013 2:00:24 PM PDT by freedumb2003 (In theory there is no difference between theory and practice. In practice there is. (Yogi Berra))
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To: Oldeconomybuyer
Elsewhere in the Slimes, there is an adult who truthfully shared the CBO report, contradicting krugman's lies ... Congressional Budget Office Predicts Unsustainable Debt
8 posted on 09/17/2013 2:02:13 PM PDT by Servant of the Cross (the Truth will set you free)
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To: Oldeconomybuyer

Laughable psychobabble from the lunatic left.


9 posted on 09/17/2013 2:03:31 PM PDT by WashingtonSource
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To: Oldeconomybuyer

but if a republican was in office it would be @$$holes and elbows


10 posted on 09/17/2013 2:05:33 PM PDT by Farnsworth ("The people have always some champion whom they set over them and nurse into greatness...This and no)
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To: Farnsworth

The soft bigotry of low expectations.


11 posted on 09/17/2013 2:07:31 PM PDT by IncPen (When you start talking about what we 'should' have, you've made the case for the Second Amendment)
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To: A CA Guy
stop the fed pumping, stop the near zero interest rates and just watch what will happen

Exactly. I'll even go radical....why should central banks be paid back for "money they loaned" the government? It's just stuff the government said they printed (it's all computer entries) and for some reason it's owed with interest to the privately owned Federal Reserve.

12 posted on 09/17/2013 2:08:16 PM PDT by grania
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To: Oldeconomybuyer
what a kook. England spiked its debt to GDP due to two world wars. GDP goes down (bombed factories) and debt goes up. That was easy to fix.
13 posted on 09/17/2013 2:13:17 PM PDT by staytrue
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To: Oldeconomybuyer

And we can always mint trillion dollar coins, right Paul?


14 posted on 09/17/2013 2:14:53 PM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: Oldeconomybuyer
The usual reaction from lefties such as Paul Krugman: 'nothing to see here, move along'. When it all comes tumbling down robotic Obama defenders like Krugman will be some of the most reviled people in what's left of America.
15 posted on 09/17/2013 2:29:20 PM PDT by Jim Scott
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To: Oldeconomybuyer

Krugman and the Times. Both trusted institutions.


16 posted on 09/17/2013 2:43:06 PM PDT by lurk
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To: Oldeconomybuyer
This Is Not A Crisis

It's just another tricky day.

17 posted on 09/17/2013 2:43:48 PM PDT by dfwgator
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