tag:blogger.com,1999:blog-6276561747841568697.post5109646197894399855..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Deficit EconomicsWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6276561747841568697.post-10307510925593072512012-12-17T22:14:02.404-05:002012-12-17T22:14:02.404-05:00Why are taxes such an issue with Krugman, who insi...Why are taxes such an issue with Krugman, who insists that the answer to whatever the problem might be is to simply get more money into the system? <br /><br /><i> If you do the math, it seems likely that full economic recovery would raise revenue by at least $450 billion.</i><br /><br />What math would that be? And what's a "full economic recovery"? Is it anything like the exuberant boom that inflated real estate prices to the point where a crash was inevitable?<br /><br />If people get off unemployment and the SNAP program then the government will save $150 billion. So what? That's $500 for every man, woman and child in the country, even if they're employed and buying their victuals with Visa cards. What will yanking that kind of money out of the alimentary chain do to everyone from migrant farm workers to supermarket clerks?Pulverized Conceptshttps://www.blogger.com/profile/14860274211446159849noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-17289967253202394092012-12-17T13:23:29.509-05:002012-12-17T13:23:29.509-05:00I find it ironic that Krugman now speaks approving...I find it ironic that Krugman now speaks approvingly of the decline in consumer debt. I thought Krugman believed that greater debt was always a positive factor in the economy, no matter who accumulates it. Sometimes I wonder if he even proofreads his own work.Dennisnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-36522008597999548092012-12-17T12:49:23.446-05:002012-12-17T12:49:23.446-05:00"if it weren’t for the political risks posed ..."if it weren’t for the political risks posed by Republican hostage-taking."<br /><br />The hyperbolic use of the term "hostage-taking" to refer to Republicans is all the proof any rational, skeptical person needs that Paul Krugman is a pathetic and miserable partisan hack. This is the kind of terminology used by spittle flecked MSNBC talking heads and professional political hacks like Debbie Wasserman Schultz. With every column the miserable wretch sinks deeper and deeper into the idiotic Red Team vs. Blue Team partisan fever swamp. Truly and abjectly pathetic.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-68067551328982431722012-12-17T12:42:58.806-05:002012-12-17T12:42:58.806-05:00Krugman's "owe it to ourselves" idea...Krugman's "owe it to ourselves" idea is just simply wrong.<br /><br />The identity of who the money is owed to is not relevant to deciding whether or not government debt is a burden.<br /><br /> There is not a gain to the lender by the capital repayment it is the recipient of government spending who has that gain and the tax payer that has that loss therefore<br />the identity of who the money is owed to is not relevant to how money is transfered by deficit spending and the "owe it to ourselves" idea is wrong.dineronoreply@blogger.com