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View Diary: Paul Ryan must be planning the mother of all magic asterisks (73 comments)

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  •  LOL. What a load of dishonesty. (11+ / 0-)
    for those worried about long term debt (most of the world except for Krugman and a few others
    Shopw me a link where Krugman is not "worried about long tern debt.  

    Alan Binder, Morning Joe's accuracy deficit

    In POLITICO on February 15th, Scarborough invoked me as being on his side of the debate — which was news to me. While there are nuances of difference between my views on the budget issue and Krugman’s, and notable differences in rhetorical style, our positions are broadly similar. I’m probably a tad more hawkish than my colleague, but there’s not much distance showing between us.

    snip

    In my new book, “After the Music Stopped” (Penguin Press, 2013), which was published a few days before the Scarborough-Krugman debate, I argued that there is not just one, but actually three distinct deficit problems, each with its own solution.

    PROBLEM 1: In the very short run, meaning right now, we probably have too much deficit reduction. The U.S. economy could actually use some fiscal stimulus (to wit, larger deficits) today, rather than more fiscal contraction, because unemployment is still so high. Doesn’t that sound like Krugman?

    PROBLEM 2: Over the coming decade, however — which is the focus of Simpson-Bowles, the so-called grand bargain, and most other plans — we do need to bring the deficit down, I argued. And, indeed, Problems 1 and 2 should be linked: by joining together some modest stimulus now with perhaps ten times as much deficit reduction over the ten-year budget window. In Washington-speak, we would thus “pay for” the stimulus ten times over. Furthermore, I argued, we could accomplish that without undue pain and suffering.

    PROBLEM 3: The real budget crunch comes well down the line — a decade or two or three from now. The problem is simple to diagnose — healthcare costs are projected to soar — and it looks massive. By the way, that doesn’t mean we shouldn’t start addressing the healthcare cost problem now.

    Do I have to tell you who Alan Binder is?

    The thing that bothers me is that you are either ignorant of the facts, which I doubt, of deliberately dishonest, which I suspect.

    When you make false statements as you do, you expose your true agenda, which is to carry water for Republicans here.  

    Join us on the Black Kos front porch to review news and views written from a black pov—everyone is welcome.

    by TomP on Thu Mar 07, 2013 at 07:12:02 AM PST

    [ Parent ]

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