Posted on 06/28/2010 7:21:02 PM PDT by Nachum
According to liberal economic Paul Krugman, a "third depression" will occur if nations tighten their belts and attempt to balance their budgets. Forget about the riots in Greece over a social welfare system the government couldn't maintain or a $1.4 trillion annual U.S. budget deficit. Krugman claimed that the threat of deflation supersedes both of those results of runaway government spending - that is higher taxes in the long run and a debt to future generations.
(Excerpt) Read more at newsbusters.org ...
Krugman and like-minded people in the White House are ruining this country.
Krugman the Noblest is an idiot.
Nobelist
I think there also terrified that we are heading into the second half of the storm and it will be worse than the first and there is little if anything they can do to stop it.
As is always the case with the Keynesians who are the dumbest bricks on the pile, when their spending fails, it is ALWAYS because we didn’t spend enough.
The Oligarchy knows that its DeathCare Dreams will never, ever coalesce even to a new building full of bureaucrats in DC, much less one in every hamlet and village across the fruited plains
At this point, I’d rather deal with the depression than more Obama bullsh*t...
“...there is little if anything they can do to stop it.”
Bull. Zero out Cap Gains. Fairtax, abolish IRS. Open the north Slope of Alaska. Index social security/medicare.
Basic American common sense solutions.
Paul Krugman Throws In The Towel, Says We're Headed For Another Depression
We ARE in a depression, NOT A RECESSION but more government spending will only deepen the hole we need to dig ourselves out of.
Idiots.
A depression is a recession after the government fixes it.
I really wish someone would shove Keynesian economics BS squarely up idiotKrugman’s arse.
Probably the only way Keynes could get a college degree was in a liberal school.
Keynes unreality check bounced a long time ago.
“...Keynesians who are the dumbest bricks on the pile,”
Tell me about it. These are the same people who are now complaining about the Bush debt, yet they love Keynes. They claim all Bush’s debt was military, but it creates jobs. The creation of military equipment creates jobs. Nation building creates jobs. (Not that I’m advocating a war economy).
They don’t even know that they are discrediting the so called logic behind Keynesians.
it is not so much the deficits that are straggling the economy as what we chose to spend that borrowed money on. Quantitative easing, aka running the printing presses could be justified in the face of the obvious deflation affecting the economy if at the same time taxes were lowered and government spending were reduced. But the very bureaucracy Krugman wants to borrow money to keep on the job is what is strangling job creation and private enterprise.
ultimately for every liberal it always boils down to one thing. bigger government must be better especially if it means that people like me run it. Unless America can find a way to strangle this beast that is government it will eat it's own.
it is not so much the deficits that are straggling the economy as what we chose to spend that borrowed money on. Quantitative easing, aka running the printing presses could be justified in the face of the obvious deflation affecting the economy if at the same time taxes were lowered and government spending were reduced. But the very bureaucracy Krugman wants to borrow money to keep on the job is what is strangling job creation and private enterprise.
ultimately for every liberal it always boils down to one thing. bigger government must be better especially if it means that people like me run it. Unless America can find a way to strangle this beast that is government it will eat it's own.
“Krugman believes that this is exactly the same mistake we made in 1937, when the country was beginning to emerge from the Great Depression”
Good lord Paul, 14% unemployment was the best Gov’t spending did before 1937.
If this guy thinks 14% UE is some sort of light at the end of the tunnel.....
Somewhere, there is a land where little dwarves go when they have outlived their usefulness. Krugman and Reich need to ride their Vespas there.
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