Krugman thinks you can just keep taxing - as if that is the magical answer for everything, and it convinces me more and more why these people should not be in positions of power. They arrogantly steal peoples' money and create the Big Dig and think that it is real progress. They burn resources and in the end their wasteful work isn't much better and their are net losses to the economy!
This is Krugman conjuring up Republican-hate in the guise of economic brilliance, which it certainly isn't.
Everyone is abandoning socialism except Krugman.
I’ll see those projects and raise you:
Big Dig
http://en.wikipedia.org/wiki/Big_dig
And Denver International Airport
http://en.wikipedia.org/wiki/Denver_International_Airport
The Erie Canal was financed privately, was it not?
So was the massive boom in railroad building from 1840-1880.
Who needs expensive, corrupt Govt to do this???
Krugman is not entirely wrong here. There was no "stimulus". Congress passed a bill full of $787B dollars worth of liberal pet projects, the vast majority of it being nonsense.
Deficit spending in a recession is fine, and spending on infrastructure is a fine idea, but we are too far down the road of wasteful govt. spending at this point.
Let's start cutting pork, and I'd be all for spending on infrastructure.
Mr. Krugman, I don’t know if you’ve looked lately but New Jersey is broke; B-R-O-K-E. As in NO MONEY!! None. And that’s with one of the highest tax burdens in the entire universe. Governor Christie did the adult thing here and you just can’t seem to get it. And you are supposed to be some big-time, world acclaimed economist.
Makes me wonder if Paul can can count to 10 using all of his fingers.
How about a nice big border fence?
If I our federal, state, and local governments were doing the job they should be doing our infrastructure would be up to date. Instead they’re spending money on themselves, the public sector unions, and tranfer payments to crooks and layabouts.
Someone should ask Krugman where is all the money going? If it’s not going to infrastructure, where is it going? Should be a simple question to answer for a Nobel awarded, part-time economist.
Sorry Krugman, but we are utterly broke thanks to the total corruption of your wonderful Democrat Party Regime.
“America’s most important current public works project, the long-planned and much-needed second rail tunnel under the Hudson River.”
sez who?
Never heard of it.
Anyone who understands economics knows that public building projects contribute to the general welfare precisely inasmuch as the finished project is itself economically productive. The BUILDING PROCESS, and the SPENDING, are economic NEGATIVES—i.e., to the extent that the project requires RESOURCES, it COSTS society.
This reminds me: I saw a program on National Geographic in which they had a bunch of engineers designed a bigger, better Hoover Dam. The cost of the IMPROVED dam, they said, would be about $6 Billion.
Has anybody seen ANYTHING come out of the $1 Trillion in porkulus spending that looks anything like a Hoover Dam?
What absolutely galls me, is having a Communist assert that adherence to the founding principles is “ideological”. Geroge Orwell in “1984” called this NEWSPEAK. On the contrary, the philosophical school know as German Idealism through Kant and Hegel and ultimately through Marx and Engles is IDEOLOGY. German Idealists make up words for things that do not exist: like Kant’s MONAD and Paul Krugman’s GONAD. Talk about deluded. And it is repugnant and loathesome to anyone that believes in a democratic republic.
Paul Krugman is the very definition of an ideologue—along with Obama and Pelosi. Reid isn’t intelligent enough to be an ideologue—he’s just a party hack.
If you want to put construction workers back to work, get rid of the illegal aliens
Anything Kroogie says is Shovel Ready.
Does anybody believe for half a second that the unions would let civilians do the work?
All of the projects named would be union jobs. Every last one of them.
Why hire 100 unemployed Americans when that same money will hire 8 union thugs who will do half the work much more slowly?
And we all know how Obambi just LOVES his union thugs!
Bottom line — ain’t happenin’ but thanks for asking.