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It turns out liberal economist Paul Krugman and conservative Congressman Paul Ryan both agree that the Federal Government is racking up huge amounts of debt that are unsustainable.
Here was an article from Fortune about how our government debt is unsustainable...and that would be true EVEN IF the stimulus package did not exist.
The reason:
Why? Because future spending is driven mostly by entitlements, which are programmed to rise far faster than national income, while revenues depend heavily on the personal income tax, which yields receipts that typically rise or fall with GDP.
I thought the Krugman Keynesian Klan (KKK) retards and their leader Paul were saying that government debt will not be lowered from AAA rated and Treasuries would do fine even with much more massive stimulus spending?
It turns out liberal economist Paul Krugman and conservative Congressman Paul Ryan both agree that the Federal Government is racking up huge amounts of debt that are unsustainable.
Here was an article from Fortune about how our government debt is unsustainable...and that would be true EVEN IF the stimulus package did not exist.
The reason:
Why? Because future spending is driven mostly by entitlements, which are programmed to rise far faster than national income, while revenues depend heavily on the personal income tax, which yields receipts that typically rise or fall with GDP.
Krugman wins a Nobel Prize for this? Where was he during the last 10-20 years? monday-morning QBs....
again, Ron Paul has been saying this CONSISTENTLY for over 20 years, so everyone in America should be asking why they've hardly heard of him. Hmmmmm........
Krugman wins a Nobel Prize for this? Where was he during the last 10-20 years? monday-morning QBs....
again, Ron Paul has been saying this CONSISTENTLY for over 20 years, so everyone in America should be asking why they've hardly heard of him. Hmmmmm........
Krugman never did and never would win a nobel prize for monetary policy. He has a bad track record for predicting inflation/deflation cycles but is keen on trade theory. Thus, he won a prize based on this topic.
I have a doctorate in computer science, but I am the first to admit I am ignorant in areas such as software engineering and networking, as they are not within my research interests.
Krugman wins a Nobel Prize for this? Where was he during the last 10-20 years? monday-morning QBs....
again, Ron Paul has been saying this CONSISTENTLY for over 20 years, so everyone in America should be asking why they've hardly heard of him. Hmmmmm........
I read this book for a HS economics class...if you haven't heard of his work, it's your fault for being ignorant. If I, as a high schooler more than a decade ago, knew about Krugman's ideas, what excuse do you have for not knowing?
I read this book for a HS economics class...if you haven't heard of his work, it's your fault for being ignorant. If I, as a high schooler more than a decade ago, knew about Krugman's ideas, what excuse do you have for not knowing?
He said during the entire last administration and was dismissed as merelty being partisan. They wouldn't listen then when they had the checkbook and now have a problem that the money is being spent here and not on tax cuts for the rich. The right has no credibility on the issue and we had to spend on stimulus and we have to change our healthcare system.
No one wants to sustain this level of debt. No one wanted to have to incur it to begin with. But recent levels of mismanagement made that a necessity. Once this huge mess is cleaned up, we will once again be able to afford the luxury of working towards balanced and sustainable budget and debt situations...
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