Tom Woods : Paul Krugman really is as bad as you thoughtSubmitted by Ian56 on Wed, 03/13/2013 - 15:19
He really did advocate the creation of a housing bubble in 2003/03
The frightening path the government and the Federal Reserve have set out upon. $40tn+ debt by 2023. 250% of GDP
CBO spending plans. Future CBO growth projections are pure fantasy - they are assuming 3.5% GDP gowth a year - i.e. faster than the 3.3% growth during the boom years 1950 to 2000.
America won't even get 2% growth going forward - it hasn't since 2001.
The government and the Federal Reserve are acting like crazies - and the solutions to start turning things around.
Cut $1.3tn+ of annual Corporate Welfare.
Drastically cut taxes for middle earners and below, a bit for small businesses, some for deficit reduction, break up the Corporate cartels, scrap Obamacare.
Then start on the next $500bn of government waste.
And reform entitlements - gradually raise the pension age.