15 votes

Paul Krugman economics shredded

By Joe Scarborough in Politico hit piece after appearing on Morning Joe:

http://www.politico.com/story/2013/01/paul-krugman-vs-the-wo...

Glad to see this neo-con POS Krugman get the boots taken to by MSM. He's had it coming for awhile.

If you've always hated Krugman you will love this piece. He gets creamed.

Comment viewing options

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

Joe Scarborough does everyone

Joe Scarborough does everyone a grand disservice here.

There is a reason Krugman won a Nobel, and Scarborough has not.

The much touted number of 60 trillion in unfunded entitlements is complete baloney. Anyone who is saying otherwise is trying to trick you!

The reason it is wrong, is because the vast bulk of it is is caused by Medicare (some include the Medicaid amount of 20 or so trillion as well). But this isn't because medicare is unfunded. This is because it is predicted that healthcare costs are going to skyrocket.

They are predicting that healthcare costs will be 40% of GDP by 2060. Is that at all reasonable. Think about that...40%!!!!! That is in-freaking-sane! You have to think that the market will correct for that number...I get that people are living longer, living unhealthier, etc...but that number is batshit crazy!

So, of course, Medicare is not at all funded for that. Medicare is funded through taxpayer dollars on the current assumption of around 8% of GDP as healthcare expenditures. Don't get me wrong, that is not enough. But the issue is being overblown. Moreover, Medicare is literally not allowed to spend more money than is in its trust. If healthcare costs continue to soar, Medicare simply won't make the payouts since the money isn't there....government would have to pursue legislation allowing Medicare to get the money elsewhere.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Cyril's picture

Krugman's SELF-DESTRUCTION ... A MUST WATCH

Krugman's SELF-DESTRUCTION at link shared by ralph, below (on Morning Joe) is A MUST WATCH; summary:

(thank you for sharing ralph, btw, great piece of record of the "economist" fraud)

1. we're not doing too good

2. but that's worse in Europe, it's catastrophic over there (implying: it's not HERE ... yet?)

3. that's because they have so many austerity plans, cutting gov't spendings (which is a myth for the gullible, debunked months ago; Europe gov'ts aren't cutting anything... they are just all going bankrupt and not keeping the books any longer, except for Germany still barely afloat)

Not updated yet? Help yourself:

"France Totally Bankrupt" says Labour Minister Michel Sapin
http://www.dailypaul.com/272450/france-totally-bankrupt-says...

4. plus, they have several currencies (it's complicated...) while we're luckier with the Dollar here (yeah, right)

5. we can't make the same mistakes here (Europe's austerity plans) it's too harmful ... we need to spend more, to keep spending...

6. etc, etc

FRAUD.

A five year old could tell every single word out of this man's mouth is a lie ... as his own words utterances are uneasy, he even SOUNDS SWEATY ... short breath, unbacked statements, lecturing, etc.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

My God.

If Krugman EVER had to produce something other people would pay for in a free market, he would be living under a bridge and wouldn't last a week.

Total mouthpiece.

Cyril's picture

What's outrageous is YOU and I paid this "academic's"

What's outrageous is YOU and I paid this "academic's" "research funds" at some point (and maybe still do...)

No. I won't.

I won't kill myself.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Don't KILL yourself!!!!!

This has been coming for a long time.

Best we can do if prepare and spread the truth.

And my preps include popcorn to watch the show.

The bastards have over stepped for decades and there has never been a better time to wake up neighbors.

Don't let the bastards win, they have spent untold billions on media to confuse people.

Hang in there, this is going to be an interesting show. Hell, you are going to die anyway, why would you not want to see how it plays out?

Base

Cyril's picture

Hey, I was kidding ! lol !

Hey, I was kidding ! lol !

(I really WAS angry, though...)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Between Krugman and Obama

I wouldn't give a silver round for any Nobel anything. LOL

Cyril's picture

BUMP.

BUMP.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Yeah...RIGHT ! HA HA HA HA HA HA HA HA HA HA ! ! !

Yeah...

RIGHT !

HA HA HA HA HA HA HA HA HA HA ! ! !

Goodness. Such A FRAUD, just TASTE THIS, full mouth, full brain:

http://krugman.blogs.nytimes.com/2013/01/27/from-welfare-que...

Warning: RETARDNESS may follow if you consume too much.

You CAN ask Mr. Krugman TO DO ANYTHING YOU WANT with charts, stats, etc. He'll do it.

EVEN YOUR COFFEE. Or kill your migraine. Or cook your cupcakes. Heal your dog. Or grandparents. Or... save the Economy. Thanks to iPhones. Or whatever.

Yes, He Can !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

What Ron Paul is to Austrian economics

Is what Paul Krugman is to....magic!

He's the David Copperfield of economics. He can make anything appear to be anything!

Cyril's picture

Yeah. I just wish HIS ADVISORY MAGIC SHOW HAD ENDED ALREADY !

Yeah.

I just wish HIS ADVISORY MAGIC SHOW HAD ENDED ALREADY, THOUGH !

W...T... !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I'll change my downvote to an upvote

As soon as you change the title of this post to something less... not good.

How about this:
Krugman's Butt Handed To Him On A Platter

Don't feed the pandas. Ever.

In retrospect

Perhaps my language was a little strong, heh

Done!

And done.

P.S. wouldn't it be great if Weird Al Yankovic interviewed Krugman?
https://www.youtube.com/watch?v=L0YsDCccKuI

Don't feed the pandas. Ever.

When I read murder, I thought actual murder.

Agreed. Edit the title please!

I believe in the freedom to be what we choose to be.

Cyril's picture

Agreed (except I didn't downvote, but whatever.)

Agreed (except I didn't downvote, but whatever.)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Neo-con? I don't know.

Neo-con? I don't know.

(but again, I'm barely literate in U.S. politics)

He, scientific fraud AND socialist : for sure !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Paul Krugman

Was one of the champions of deficit spending during the Bush years, he's one of the reasons we paid for the wars on the Federal Credit Card.

He's been on the downtick i think ever since Dr. Paul whacked him on that news debate on Bloomberg.

Cyril's picture

Just in case you missed that one...

Just in case you missed that one...

http://www.dailypaul.com/264950/paul-krugman-schooled-by-aus...

If you missed it, and watch it when you get a chance... you're going to LOVE it.

Me thinks Mr. "Nobel Prize" Krugman is definitely BUSTED in Spain, by now.

;)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

.

[oops. duplicate]

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius