Friday, September 04, 2009

Paul Krugman has a Nobel Prize, and you don't.

Paul Krugman suggests we're not living in the End Times. So there's that.


  1. There are actually some people who have been awarded Nobel Prizes who are pretty bad. Far worse than Krugman.

    This is the same Paul Krugman who bashed President Obama for wanting to relieve the crushing tax burdeon on the Middle Class. He sure comes across like a friend of greedy government.

  2. Indeed, there are Nobel Prize winners I wouldn't trust to babysit my kid, like Yasir Arafat or Henry Kissinger. The headline was really more of a joke than anything else.

    I'll believe there is a crushing tax burden when we're paying 95%, like the Beatles were in the 1960s.

    And, as I have said before, it's your government too. If you don't like it, change it. And point out to us which program you're going to cut, too-Medicare or Defense?

  3. Neither. There's enough massive fraud and waste without gutting either program (though truth be told there's fraud and waste in both of those programs too).

  4. Let's take FY 2008.

    The government spent 2.98 trillion dollars, and collected 2.52 trillion dollars, for a deficit of 455 billion dollars.

    Social Security, Defense, Medicare/ Medicaid are about 20% each. Interest on the debt and other mandatory spending is another 20%.

    So out of 20% of the budget, or $520 billion dollars, you're arguing that essentially all of it ($455 billion) is waste?


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