Another rebuttal of Krugman
Comments
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Actually that's not what he's saying. I do agree that trimming government payroll is smart at the right time. But that's far from what his message is.HFNY said:I hope you are joking. The writer is saying that Greece's approach of having so many people on the Government Payrolls eventually leads to massive problems (and continuing problems). Even a moderate Democrat would see the sense in that.
Fire_Marshall_Bill said:More libertarian propaganda
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when is the right time?
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I sometimes wonder what it must be like living the "guess" life and never having to suffer any consequences.2001400ex said:
Because he owns a lot of gold would be my guess.sarktastic said:Why is Greenspan recommending gold now?
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Bingo.
There never is right time in the eyes of Big Government. What's worse, the economic multiplier of Federal Spending is generally lower than the private sector.
investopedia.com/ask/answers/09/keynesian-multiplier.asp
And the average Joe should support reforms (what Krugman calls "savage cuts") that reduce artificial dependence on the Federal Government (Social Security Disability and Food Stamps) which would free up money for the Feds to spend on higher economic multiplier spending like infrastructure projects (or start an infrastructure bank that matches state spending, dollar for dollar, and let the states oversee the projects so as to prevent as much leakage as would happen with the Federales running things).
Returning to artificial dependence, SSDI has been a bipartisan problem since the mid 90's when welfare reform pushed some people from the welfare rolls into SSDI. Then, as China grew into a manufacturing powerhouse and the USA was rocked by the tech bubble bursting and Sept 11th, some of those unemployed blue-collar workers filed for SSDI (like one of my uncles), further swelling the size of program. So really it's been a problem from Clinton through W. Bush, and now through Obama (and it's doubtful he'll address it since he's a lame-duck president):
downsizinggovernment.org/sites/downsizinggovernment.org/files/charts/ssdi-2013-figure2.gif
And food stamp usage has also soared so the Federal Government should either take aggressive steps to shrink the program again or turn it over to the States via Block Grants (since States are more likely to monitor the spending):
thf_media.s3.amazonaws.com/infographics/2014/12/CP-Federal-Spending-by-the-Numbers-2014-08-1-anti-poverty_HIGHRES.jpgsarktastic said:when is the right time?
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I sometimes wonder what it's like for someone who brings nothing to the table like you.sarktastic said:
I sometimes wonder what it must be like living the "guess" life and never having to suffer any consequences.2001400ex said:
Because he owns a lot of gold would be my guess.sarktastic said:Why is Greenspan recommending gold now?
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We've already covered this, food stamp spending is already on a decline and on the current pace will be down to 1995 levels as a percent of GDP.HFNY said:Bingo.
There never is right time in the eyes of Big Government. What's worse, the economic multiplier of Federal Spending is generally lower than the private sector.
investopedia.com/ask/answers/09/keynesian-multiplier.asp
And the average Joe should support reforms (what Krugman calls "savage cuts") that reduce artificial dependence on the Federal Government (Social Security Disability and Food Stamps) which would free up money for the Feds to spend on higher economic multiplier spending like infrastructure projects (or start an infrastructure bank that matches state spending, dollar for dollar, and let the states oversee the projects so as to prevent as much leakage as would happen with the Federales running things).
Returning to artificial dependence, SSDI has been a bipartisan problem since the mid 90's when welfare reform pushed some people from the welfare rolls into SSDI. Then, as China grew into a manufacturing powerhouse and the USA was rocked by the tech bubble bursting and Sept 11th, some of those unemployed blue-collar workers filed for SSDI (like one of my uncles), further swelling the size of program. So really it's been a problem from Clinton through W. Bush, and now through Obama (and it's doubtful he'll address it since he's a lame-duck president):
downsizinggovernment.org/sites/downsizinggovernment.org/files/charts/ssdi-2013-figure2.gif
And food stamp usage has also soared so the Federal Government should either take aggressive steps to shrink the program again or turn it over to the States via Block Grants (since States are more likely to monitor the spending):
thf_media.s3.amazonaws.com/infographics/2014/12/CP-Federal-Spending-by-the-Numbers-2014-08-1-anti-poverty_HIGHRES.jpgsarktastic said:when is the right time?
Why do you single out SSDI and SNAP? They are relatively small programs, even a 10% cut in each is barely measurable in terms of the entire budget. Every program needs to be reviewed for spending cuts. -
You're surprised I won't engage you in your bullshit propaganda?... that you seldom even understand when you're told to post it?... really?2001400ex said:
I sometimes wonder what it's like for someone who brings nothing to the table like you.sarktastic said:
I sometimes wonder what it must be like living the "guess" life and never having to suffer any consequences.2001400ex said:
Because he owns a lot of gold would be my guess.sarktastic said:Why is Greenspan recommending gold now?
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"we've" discussed nothing. You relentlessly post bullshit propaganda void of intellectual honesty then claim victory without making a point or worse, drawing conclusions not offered by supposed 'evidence' you post... but, you already know that.2001400ex said:
We've already covered this, food stamp spending is already on a decline and on the current pace will be down to 1995 levels as a percent of GDP.HFNY said:Bingo.
There never is right time in the eyes of Big Government. What's worse, the economic multiplier of Federal Spending is generally lower than the private sector.
investopedia.com/ask/answers/09/keynesian-multiplier.asp
And the average Joe should support reforms (what Krugman calls "savage cuts") that reduce artificial dependence on the Federal Government (Social Security Disability and Food Stamps) which would free up money for the Feds to spend on higher economic multiplier spending like infrastructure projects (or start an infrastructure bank that matches state spending, dollar for dollar, and let the states oversee the projects so as to prevent as much leakage as would happen with the Federales running things).
Returning to artificial dependence, SSDI has been a bipartisan problem since the mid 90's when welfare reform pushed some people from the welfare rolls into SSDI. Then, as China grew into a manufacturing powerhouse and the USA was rocked by the tech bubble bursting and Sept 11th, some of those unemployed blue-collar workers filed for SSDI (like one of my uncles), further swelling the size of program. So really it's been a problem from Clinton through W. Bush, and now through Obama (and it's doubtful he'll address it since he's a lame-duck president):
downsizinggovernment.org/sites/downsizinggovernment.org/files/charts/ssdi-2013-figure2.gif
And food stamp usage has also soared so the Federal Government should either take aggressive steps to shrink the program again or turn it over to the States via Block Grants (since States are more likely to monitor the spending):
thf_media.s3.amazonaws.com/infographics/2014/12/CP-Federal-Spending-by-the-Numbers-2014-08-1-anti-poverty_HIGHRES.jpgsarktastic said:when is the right time?
Why do you single out SSDI and SNAP? They are relatively small programs, even a 10% cut in each is barely measurable in terms of the entire budget. Every program needs to be reviewed for spending cuts. -
Lol now that's funny shit. Coming from the dude who's offered nothing but Rush and zero hedge talking points.sarktastic said:
"we've" discussed nothing. You relentlessly post bullshit propaganda void of intellectual honesty then claim victory without making a point or worse, drawing conclusions not offered by supposed 'evidence' you post... but, you already know that.2001400ex said:
We've already covered this, food stamp spending is already on a decline and on the current pace will be down to 1995 levels as a percent of GDP.HFNY said:Bingo.
There never is right time in the eyes of Big Government. What's worse, the economic multiplier of Federal Spending is generally lower than the private sector.
investopedia.com/ask/answers/09/keynesian-multiplier.asp
And the average Joe should support reforms (what Krugman calls "savage cuts") that reduce artificial dependence on the Federal Government (Social Security Disability and Food Stamps) which would free up money for the Feds to spend on higher economic multiplier spending like infrastructure projects (or start an infrastructure bank that matches state spending, dollar for dollar, and let the states oversee the projects so as to prevent as much leakage as would happen with the Federales running things).
Returning to artificial dependence, SSDI has been a bipartisan problem since the mid 90's when welfare reform pushed some people from the welfare rolls into SSDI. Then, as China grew into a manufacturing powerhouse and the USA was rocked by the tech bubble bursting and Sept 11th, some of those unemployed blue-collar workers filed for SSDI (like one of my uncles), further swelling the size of program. So really it's been a problem from Clinton through W. Bush, and now through Obama (and it's doubtful he'll address it since he's a lame-duck president):
downsizinggovernment.org/sites/downsizinggovernment.org/files/charts/ssdi-2013-figure2.gif
And food stamp usage has also soared so the Federal Government should either take aggressive steps to shrink the program again or turn it over to the States via Block Grants (since States are more likely to monitor the spending):
thf_media.s3.amazonaws.com/infographics/2014/12/CP-Federal-Spending-by-the-Numbers-2014-08-1-anti-poverty_HIGHRES.jpgsarktastic said:when is the right time?
Why do you single out SSDI and SNAP? They are relatively small programs, even a 10% cut in each is barely measurable in terms of the entire budget. Every program needs to be reviewed for spending cuts. -
...so, you didn't know that's what you've been posting?
hint: not all jobs are worth it. You should quit shilling while you're still young and begin the process of building some self-respect.
