[reaganaut1]

Maybe in some abstract sense Paul Krugman is more intelligent than Robert Samuelson -- Krugman, a Nobel winnner, certainly has more prestige. But it's obvious to me that Samuelson's advocated policies make a lot more sense.

[sickoflibs]

RE :”Maybe in some abstract sense Paul Krugman is more intelligent than Robert Samuelson — Krugman, a Nobel winnner, certainly has more prestige.”

That would be abstract, Krugman wants us to follow Greece.

Balancing the budget was a primary Republican/conservative goal of 1994, but neither side is interested that now. Both want to play “Run up the debt and blame the other party” with democrats in the lead with most of the wasteful spending. Obama would love to dump this problem on the next congress and claim he played no part in creating it(as silly as it sounds) .

[WOBBLY BOB]

Nearly $700 Billion in New Taxes and No Congressional Budget

http://www.freerepublic.com/focus/f-news/2494415/posts

The Congressional Budget Office [CBO] reports the President’s budget — the only budget there is at the moment — drives debt to an alarming 90 percent of the economy by 2020.
- Compared with 2008, when it was $5.8 trillion, debt held by the public under the President’s budget more than doubles in 5 years, and more than triples over 10 years, CBO reports.
- The budget pushes the debt to $9.2 trillion this year, 63.2 percent of gross domestic product [GDP], the largest debt in history and the largest debt as a share of the U.S. conomy in 59 years.
- The President’s 2020 debt of 90 percent of GDP approaches levels of the 1940s. It is ithin sight of the high-water mark of 108.7 percent of GDP set in 1946; and the debt eyond 2020 rises sharply.

The President’s budget also pushes spending to a new record of $3.8 trillion in fiscal year 2011, widens the deficit to a new record of $1.5 trillion this year, and raises taxes by $1.8 trillion through 2020.
As a share of the economy, the President’s 2010 deficit is 10.3 percent of GDP – the largest rate of excess spending since World War II. Going forward, deficits in the President’s budget never fall below $724 billion, and never below 4.1 percent of GDP — levels his own Budget Director has termed “unsustainable.”

[geologist]

We continue to give impunity to our leaders as being of good intentions.

WRONG! Their intention is to bring America down.

Simply look with clear eyes, it is evident all around. No mistakes made: only Intentional decisions to hamstring America and it’s people.

We must realize it for what it is. Do not be blinded by ideas from the past of well meaning leaders. Look at what they are doing all over the place. Including our Congress going along on legislation they know the majority of the people are against.

Cut the entitlements, stop the spending on any new legislation. Cut waste especially ear marks. etc. etc.

God help us in our day, in Jesus name. amen.