[JCBreckenridge]

Well said, sir. Well said.

Krugman’s plan worked for say 6 months or so - at the cost of what? Borrowing and spending.

Now he is trying to cover up the true nature by fiddling with the debt/GDP ratio and trying to hide the actual debt load being carried by the United States.

This makes me furious. It’s one thing to trash the credit and reputation of America - which will take a long time to repair, quite another to lie to the people of the United States to make it difficult to uncover what is actually going on. This is the route to bankruptcy and disaster.

[dfwgator]

All it did was to make the inevitable collapse even worse.

[griswold3]

Come July the BLS will ‘refigure’ GDP adding in ‘Intangibles’.(May 2009 plan http://www.athenaalliance.org/pdf/PolicyonIntangibles-Torino.pdf)
This, according to economists (you know which kind) will add $1T to $3T to GDP. We could be looking at 4% GDP this year!!

[RightWingNilla]

This makes me furious. It’s one thing to trash the credit and reputation of America - which will take a long time to repair, quite another to lie to the people of the United States to make it difficult to uncover what is actually going on. This is the route to bankruptcy and disaster.

And make no mistake...any disaster will be blamed on conservatives. Krugman and his acolytes thinks that anyone who is concerned with saddling future generations with untold debt is "extreme".