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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
Its not even a picture of a crisis. The new CBO long-term budget projections are out, and while theyre not good, they dont 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 dont 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; worsteconomistever
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)
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)
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.)
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?)
To: Oldeconomybuyer
So budget deficits, entitlement reform, and all that simply dont 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.)
To: Oldeconomybuyer
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))
To: Oldeconomybuyer
To: Oldeconomybuyer
Laughable psychobabble from the lunatic left.
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)
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)
To: A CA Guy
stop the fed pumping, stop the near zero interest rates and just watch what will happenExactly. 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
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
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...)
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.
To: Oldeconomybuyer
Krugman and the Times. Both trusted institutions.
16
posted on
09/17/2013 2:43:06 PM PDT
by
lurk
To: Oldeconomybuyer
This Is Not A CrisisIt's just another tricky day.
17
posted on
09/17/2013 2:43:48 PM PDT
by
dfwgator
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