0 votes

Krugman: Death Panels, Value-Added-Tax Will Fix Debt Crisis

Unfortunately, he may be correct.

Krugman: Death Panels, VAT Will Fix Debt Crisis
Sunday, 14 Nov 2010 05:31 PM

Economist and New York Times columnist Paul Krugman says the only way the U.S. will get its debt crisis under control is by the use of "death panels" and a national sales tax.


Here's the key excerpt:

"Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now."


Apparently realizing his comments were inflammatory, Krugman took to his blog Sunday afternoon to immediately “clarify” his comments.

“I said something deliberately provocative on This Week, so I think I’d better clarify what I meant, which I did on the show, but it can’t hurt to say it again,” he wrote. “So, what I said is that the eventual resolution of the deficit problem both will and should rely on “death panels and sales taxes”.

“What I meant is that:

"(a) health care costs will have to be controlled, which will surely require having Medicare and Medicaid decide what they’re willing to pay for — not really death panels, of course, but consideration of medical effectiveness and, at some point, how much we’re willing to spend for extreme care

"(b) we’ll need more revenue — several percent of GDP — which might most plausibly come from a value-added tax



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

so what this guy is saying...

so what this guy is saying... let the serfs pay more taxes. Even tho it is the criminals in government who created the problem, let the poor pay for it. No we the government socialists should't have to cut spending, lets just steal more from the citizenry.

SteveMT's picture

The Fed needs a "haircut."

The D.C. people do also... spending money that does not exist.

do you remember the movie

do you remember the movie history of the world part 1.


BUMP--Video link is here


Follow me on Twitter for breaking news from a libertarian perspective


SteveMT's picture

"Some years down the pike,......

....we're going to get the [ULTIMATE, I mean] real solution.

I hope that is not what he means!

Perhaps you meant....

...Final Solution?

SteveMT's picture

You're right Ron: It's the "Final Solution"....

I meant to say.


I think Krugman

is a gigantic turd, but be to fair, the quote was taken out of context. He was saying that the argument that "death panels", i.e, panels that deny treatments based on cost, wouldn't save money didn't make any sense. He was not, based on that quote along, arguing in favor of this.

He is right in fact, which is one of the reasons why government controlled heath care is a major problem.

Fortune Favors the Bold

SteveMT's picture

Your point is well taken JohnGalt.

The author played up the death part of the story.

However, Krugman wanting a VAT IS very clear, and very clearly wrong.

This story is great because Krugman seems to want more "Death and Taxes," the two inevitabilities of life. What is the rush?

VAT will solve absolutely

VAT will solve absolutely ZERO...look at every country having VAT...they are in debt. Cut spending, that's the only way to solve the crisis.

I love Canada's VAT

'Cause they all come down here to buy our shoes (they save about 30%). Canadian customers can't believe how cheap our stuff is!

Vat would cause me a headache:

I would have EVERYONE competing with me at yard sales.

Me too

I really find useful stuff.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

Let's have Krugman

be the first one his "death panel" takes out.

He likes to say "we" alot.
Does he have a mouse in his pocket?
Because from this angle, he's looking like he's gonna be very alone pretty soon.

Great suggestion

Great suggestion

Follow me on Twitter for breaking news from a libertarian perspective


SteveMT's picture

"We" should do just that BigT.

Krugman: "We need to spend more money to stimulate the economy."

"We the People:" What part of the word "broke" don't you understand Mr. Noble Laureate!

I truly don't get how it is that

a douche like Krugman is still taken seriously by ANYONE who pays attention to the economy, let alone politics.

sounds like those Reaganites that 'liberals' so love to make fun of; this idiot actually is repeating 'their' line: deficits don't matter.

"No, Really – Nobody Cares About the Deficit"

hesus critos, oh vey.

SteveMT's picture

BleuCream, Agree. I think this guy is off of his rocker.

A Keynesian to the end...our end that is.

PS- I shortened your title on your other post to save a little space. Try to keep them less then 5 lines. Thanks for all your posts. They are great.

that indeed.

"PS- I shortened your title on your other post to save a little space. Try to keep them less then 5 lines. Thanks for all your posts. They are great."

thanks. but what can I say? I really do tend to be long winded/wordy/verbose. It's an ongoing work in progress, but every time I write, I really do write with the intention of keeping a sentence short; it always starts intending to be one sentence, then somehow mysteriously balloons to an essay.LOL


SteveMT's picture

To: rprevolutionst

I deleted your post on this same topic for a number of reasons.

1. Your post was a duplicate.

2. It was much too long. It should only be 3 paragraphs. Michael does not want to get sued again.

3. There was no link to the story posted.

Please take a look at this site, and do a search before posting any story.


I'm here to help, and am not the buggy man.