This Is Not A Crisis

New York Times ^ | September 17, 2013 | by Paul Krugman

[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.

[C. Edmund Wright]

He’s now a caricature of himself....

[justlurking]

Obama's resident apologist didn't waste any time.

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

[A CA Guy]

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

[OB1kNOb]

[tet68]

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.

[freedumb2003]

Is this from the Onion?

[Servant of the Cross]

Elsewhere in the Slimes, there is an adult who truthfully shared the CBO report, contradicting krugman's lies ... Congressional Budget Office Predicts Unsustainable Debt

[WashingtonSource]

Laughable psychobabble from the lunatic left.

[Farnsworth]

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

[IncPen]

The soft bigotry of low expectations.

[grania]

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.

[staytrue]

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.

[LucianOfSamasota]

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

[Jim Scott]

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.

[lurk]

Krugman and the Times. Both trusted institutions.

[dfwgator]

This Is Not A Crisis

It's just another tricky day.