BluePhantom
Educator (of liberals)
During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.
These people told us that the debt and deficit isn't detrimental at all.
Well...dude. You are talking about a guy who argued that 9/11 was a great thing because it would boost our economy a mere three days after the attack.
"Our economy is so huge that the scenes of destruction, awesome as they are, are only a pinprick...Nobody has a dollar figure for the damage yet, but I would be surprised if the loss is more than 0.1 percent of U.S. wealth -- comparable to the material effects of a major earthquake or hurricane....So the direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects."
"...the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending.....Now it seems that we will indeed get a quick burst of public spending"
Reckonings - After The Horror - Op-Ed - NYTimes.com
And?
Had that been done..instead of the war crime of Iraq..we'd be in better shape now. And the WTC would have been rebuilt.
Yeah...why am I not surprised that you would agree with Krugman, Sallow? Never let a good crisis go to waste right?