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Tax & Spend Economist Krugman Says Debt 90% of GDP is Fine & US Rating Downgrade Doesn't Matter
NEN ^
Posted on 08/02/2011 5:18:14 AM PDT by Pacothecat
Scary Mind Of Liberal Tax & Spend Economist Exposed Paul Krugman Says Debt Up to 90% of GDP is Fine And US Credit Rating Downgrade Doesn't Matter
http://www.theblaze.com/stories/triple-a-moody-ratings-are-nonsense-scary-mind-of-liberal-tax-spend-economist-exposed-paul-krugman-says-debt-up-to-90-of-gdp-is-fine-and-us-credit-rating-downgrade-doesnt-matter/
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
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To: Pacothecat
Has anyone asked Paul whether there is any part of Marxism he disagrees with?
2
posted on
08/02/2011 5:23:00 AM PDT
by
G Larry
(I dream of a day when a man is judged by the content of his character)
To: G Larry
Do these people walk with their hands, sit on their heads, and think with their... feet?
3
posted on
08/02/2011 5:28:06 AM PDT
by
MestaMachine
(Guns don't kill people, the obama administration does. (Gunwalker Ping List))
To: Pacothecat
Sounds great, till the rest of the world gets tired of funding our deficits.
4
posted on
08/02/2011 5:30:10 AM PDT
by
Free Vulcan
(Obama's hoping that we'll have nothing but chump change left when he's done.)
To: Free Vulcan
Krugman, in a November 2004 interview, criticized the "enormous" Bush deficit. "We have a world-class budget deficit," he said, "not just as in absolute terms, of course -- it's the biggest budget deficit in the history of the world -- but it's a budget deficit that, as a share of GDP, is right up there."
The numbers? The deficit in fiscal year 2004 -- $413 billion, 3.5 percent of the gross domestic product.
Your not an Economist
Your an Obama flack
5
posted on
08/02/2011 5:32:46 AM PDT
by
scooby321
To: Pacothecat
Um.....Hey Paul, what about operating at 100% or over? Is that still fine? Because ALL charts showing 10 year data show us operating at over 100% of GDP after 2013 or 2014, thanks to Pelosi, Obama and Reid.
6
posted on
08/02/2011 5:32:52 AM PDT
by
Eagle of Liberty
(Shaking My Head on a daily basis)
To: scooby321
The numbers? The deficit in fiscal year 2004 -- $413 billion, 3.5 percent of the gross domestic product.
Obama's deficits - 10%, 9% and 11%. I'm sorry but anyone that is STILL defending any of DEAR LEADER's economic policies has no understanding of past data at all. There is NOT ONE economic metric where Obama's Keynesian policies have worked. At this point, I think even Keynes would tell Obama that the Keynesian model is flawed.
That is why I strongly believe that Obama is MIHOPPING our economy.
7
posted on
08/02/2011 6:00:34 AM PDT
by
Eagle of Liberty
(Shaking My Head on a daily basis)
To: Pacothecat
Our debt now exceeds the GDP by far. For the debt to be 90% of GDP it would have to be $13 trillion, and that’s using an inflated GDP of $14.5 trillion.
8
posted on
08/02/2011 7:01:48 AM PDT
by
CodeToad
(Islam needs to be banned in the US and treated as a criminal enterprise.)
To: scooby321
Do you have a link to that quote? It would come in mighty handy. Krugman is really starting to bother me. He is so often quoted by libs and, with his “credentials” they buy his arguments hook, line and sinker. He is a dangerous man, IMO.
9
posted on
08/02/2011 7:14:31 AM PDT
by
gloryblaze
(Don't forget to donate and keep FR going strong!)
To: MestaMachine
>>Do these people walk with their hands, sit on their heads, and think with their... feet?<<
These people walk on their knees, sit on their heads, and repeat what they are told to.
10
posted on
08/02/2011 7:15:37 AM PDT
by
B4Ranch
(Allowing Islam into America is akin to injecting yourself with AIDS to prove how tolerant you are..)
To: Pacothecat
One way to bind the giant is in chains of debt. They are all traitors!!!
11
posted on
08/02/2011 7:16:03 AM PDT
by
King Moonracer
(Bad lighting and cheap fabric, that's how you sell clothing.....)
To: gloryblaze; scooby321
To: Pacothecat
“because there is plenty of money in this country, the problem is that it is all in the hands of the wrong people”.
There, finished it for him.
To: Madame Dufarge
14
posted on
08/02/2011 8:03:42 AM PDT
by
gloryblaze
(Don't forget to donate and keep FR going strong!)
To: Pacothecat
This clown Krugman has been a highly overrated mouthpiece for far too long. He's a big lefty so the left has showered him with unearned praise and accolades. When was the last time he was right about anything economic?
To: gloryblaze
He is so often quoted by libs and, with his credentials they buy his arguments hook, line and sinker.The libs are all about credentials, unless, of course, you're electing a president or a senator from New York.
16
posted on
08/02/2011 8:34:12 AM PDT
by
BfloGuy
(There is no remedy for the inefficiency of public management. -- L. Von Mises)
To: scooby321
Your not an Economist Your an Obama flack
Two words: You and Are.
You + Are = You're
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