Austerity Bomb

(10 am. – promoted by ek hornbeck)

Washington should stop fighting the “fiscal phantom” of the deficit and start worrying about the coming “austerity bomb,” warns Paul Krugman in his New York Times column.

http://www.moneynews.com/Stree…

This seems to me a rather odd place to find economic wisdom.  Rightwing rags, which I take this to be, are not notable for truthfulness in my experience.

Sure liberal websites are full of Krugman but they are also heavily contaminated with the atrocious nonsense about the need to cut the deficit in the midst of a depression.

How this translates into no need to worry about the fiscal cliff is beyond my simple mind.

Cutting to the quick:

The real danger, according to Krugman, is the “austerity bomb,” otherwise known as the fiscal cliff, the tax hikes and spending cuts scheduled for next year.

A rose by any other name is a rose.  So is a skunk.

If anyone knows of a single elected politician, even an Alan Grayson, who warns we should increase, not lower, the current deficit, I would love to know his or her name and see evidence of this heresy from establishment religion.

I would expect such a man or woman would be quickly eliminated from Congress at the first opportunity voters have to do so.  That was the case with two formerly impregnable senators, Wayne Morse and Ernest Gruening, who dared vote against the Vietnam War – the only two out of the whole damn Congress.  [I am talking of LBJ’s concocted Tonkin Gulf Resolution.  The Vietnam War had been going on a very long time.  Gruening was even eliminated by later peacenik hero, Mike Gravel, in a primary.]

True prophets have been known to lose their heads.

For what good?

Ummm, I dunno but I like such martyrs for my own twisted reasons I am unable to explain.  Perhaps it comes from being a Vietnam veteran before there was even a Vietnam War.

Best,  Terry