CrusaderFrank
Diamond Member
- May 20, 2009
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PROFESSOR PAUL KRUGMAN, PRINCETON ECONOMIST: Well, basically we have a world-class budget deficit not just as in absolute terms of course - it's the biggest budget deficit in the history of the world - but it's a budget deficit that as a share of GDP is right up there. It's comparable to the worst we've ever seen in this country. It's biggest than Argentina in 2001. Which is not cyclical, there's only a little bit that's because the economy is depressed.
11/03/2004
Lateline - 11/03/2004: Krugman calls on Bush to reign in the red
The turn to budget deficits was a direct result of the new, Irving-Kristol inspired political strategy of pushing tax cuts without worrying about the “accounting deficiencies of government.”
September 30, 2009,
Moral decay? Or deregulation? - NYTimes.com
Wrong Way Krugman, off in the Trillions Column but, like Gore, Yasser Arafat and Obama, he has a Noble Prize.
11/03/2004
Lateline - 11/03/2004: Krugman calls on Bush to reign in the red
The turn to budget deficits was a direct result of the new, Irving-Kristol inspired political strategy of pushing tax cuts without worrying about the “accounting deficiencies of government.”
September 30, 2009,
Moral decay? Or deregulation? - NYTimes.com
Wrong Way Krugman, off in the Trillions Column but, like Gore, Yasser Arafat and Obama, he has a Noble Prize.
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