tag:blogger.com,1999:blog-11719208.post1411552961441241648..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: More on Krugman, deficits, and debtTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11719208.post-59649389758704639382009-12-01T21:27:08.022-08:002009-12-01T21:27:08.022-08:00"The deficits of the Reagan years may have be..."The deficits of the Reagan years may have been essentially gratuitous, but the current group of clowns have added as much debt in 12 months than Reagan did in 8 years. And I seem to remember that Reagan created 10 or 20 million jobs. President Pelosi and her TV spokesman Obama? Not so much.:<br /><br />see, you are one of the people that krugman is saying just don't get it. it's not raw numbers. you're numbers aren't probably adjusted for inflation. but that's not the point, the point is that what does it represent as a percentage of GDP?<br /><br />a lot of the deficit you subscribe to obama is bush's. he is the one that signed the $700 billion dollar wall street bailout at the request of hank paulson.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-65681249848237797662009-12-01T19:07:10.815-08:002009-12-01T19:07:10.815-08:00The deficits of the Reagan years may have been ess...The deficits of the Reagan years may have been essentially gratuitous, but the current group of clowns have added as much debt in 12 months than Reagan did in 8 years. And I seem to remember that Reagan created 10 or 20 million jobs. President Pelosi and her TV spokesman Obama? Not so much.John Snoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-8915455854885432092009-12-01T15:48:42.460-08:002009-12-01T15:48:42.460-08:00Yes, please give us a McMansion today, and we prom...Yes, please give us a McMansion today, and we promise that our children will work enough overtime to repay the debt tomorrow.<br /><br />Too much debt caused the Great Depression, but most economists are so clueless that they promoted debt build up again. Just like the central bank did in the 1920's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-23872011758368560902009-12-01T12:42:52.329-08:002009-12-01T12:42:52.329-08:00Apparently there is more than one Paul Krugman.......Apparently there is more than one Paul Krugman.... he seems to be his own evil twin.<br /><br /><br />http://finance.yahoo.com/tech-ticker/article/380621/Niall-Ferguson%3A-Even-Krugman-Admits-the-Deficit-Is-Unsustainablefishnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-2599953949423071842009-12-01T11:18:10.506-08:002009-12-01T11:18:10.506-08:00"After interest rates rise".
Ha, ha, ha..."After interest rates rise".<br /><br />Ha, ha, ha.staghoundshttps://www.blogger.com/profile/05976667812875074135noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-81050610707829940122009-12-01T10:21:23.327-08:002009-12-01T10:21:23.327-08:00I wonder how much of that debt wouldn't exist ...I wonder how much of that debt wouldn't exist if we didn't go on so many overt and covert military adventures over the past several decades.<br /><br />Maybe, instead of spending almost a trillion dollars to ruin Iraq, we could spend that money on research, education, or health care? I'd rather help Americans than hurt Muslims.AJhttps://www.blogger.com/profile/14159764843937350178noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-72211989135857912552009-12-01T09:28:06.888-08:002009-12-01T09:28:06.888-08:00I guess that the furry little academic stopped rea...I guess that the furry little academic stopped reading General Theory right about the time Keynes mentioned that during periods of robust economic health that debts were supposed to be repaid.<br /><br />If Krugman has <i>any</i> sense whatsoever he's negotiating for an unmarked burial plot so the impoverished masses won't be able to violate his corpse after the s really hits the fan!fishnoreply@blogger.com