Liberals in denial
There was a truly incredible column today from the NY Times resident liberal economist Paul Krugman explaining how people in the US need not worry about becoming like Greece. “We’re not Greece”, he says, which turns out to be the most accurate statement in his entire column.
He then goes on to blame our current financial problems on everything except the bloated spending that put us in the situation we’re currently in.
Of course he gives no thoughtful discussion at all of whether we may actually be spending too much money…rather focusing on our not paying enough taxes. And then blames that on conservatives.
...bear in mind, also, that taxes have lagged behind spending partly thanks to a deliberate political strategy, that of “starve the beast”: conservatives have deliberately deprived the government of revenue in an attempt to force the spending cuts they now insist are necessary. ...
So, it’s all conservatives’ fault, huh? Or rather the fault of American voters who feel they already pay too much in taxes?
He also goes on to suggest that other primary reason for impending doom is because health care costs too much.
...health care costs will rise in the future as they have in the past. This tells us that the key to our fiscal future is improving the efficiency of our health care system — which is, you may recall, something the Obama administration has been trying to do...
New figures on the deficit have jarred veteran Wall Street economists. The deficit just posted for April was eighty two billion dollars. That’s over twice what the deficit was just last April. Our total deficit for this year alone is projected to be one point five trillion dollars. The total debt of the United States of America is an astonishing twelve trillion nine hundred thirty billion plus dollars.
The 785 billion dollar ‘stimulus’, that was to keep our republic from sinking into the abyss of depression, didn’t. That is, it didn’t do what Obama and the panic gang said it would. It was a huge pile of freshly minted dollars that was carefully, reverently poured down every wrong hole they could find. Predictably, as with most government initiatives, it didn’t take it long to go wrong… not long and very,very wrong. The government invested in itself and not in the American people. Much of the stimulus money hasn’t even been accounted for, and with the typical layers of government deniability and shifting of responsibility, probably never will.
Our government, in the form of the radical Obama regime, advocates and supervises the confiscation of the treasure of the country to pay for massive entitlements, with which to enslave the American people in a self perpetuating cycle of poverty and debt. read more »