Comments on: Why Deficit Mongering Is B.S.: Krugman Edition

By: Why Deficit Mongering is BS… | digger666

Why Deficit Mongering is BS… | digger666 — Tue, 27 Nov 2012 18:31:01 +0000

[...] Why Deficit Mongering Is B.S.: Krugman Edition – Campaign for America’s Future | Blog, PM Update, 26 November 2012 [...]

By: Danny Li

Danny Li — Tue, 27 Nov 2012 00:57:27 +0000

The more devilish alternative is a White House that has been bought by Wall Street but posturing like it were really working for the 99%. Nothing is further from the sickening truth that the Obama-led NeoLIB “Dim-o-craps” are just as committed as the NeoCON GOP–aka Greed, Oil & Profiteers–party to coddling the rapacious Wall Street banksters’ murderous class warfare! It’s time for the 99% to start realizing that the entire global economy is becoming shackled by the Dictatorship of the Profitariat. The only alternative is for 7 billion Planetary concerned citizens to actively pursue a more equitable, sustainable and collaborative paradigm and away from the inevitable Collapse of a Clunkered Capitalist-Corporate political economy.

By: downunda

downunda — Tue, 27 Nov 2012 00:02:26 +0000

The economic reasons put forward by mr Krugman are eminently credible and he shows the ‘Fiscal Cliff’ analogy to be more useful as political scaremongering by Republican lawmakers rather than serving the needs of US citizens at this particular time. It’s real stimulus in the form of jobs for the unemployed that will put money into the economy, so small and large (but mostly small) business can thrive. And tax receipts can grow. Stimulating the economy through the building of new infrastructure for example will achieve those goals as well as providing those finished projects for future use.
It’s true that this will raise debt now, but these debts will be easily offset by the gains later.
For Republicans to deny any extra expenditure now, will be like shutting up shop and creating more unemployment. Quite the opposite to what they advocated while creating the housing boom during the Reagan and Bush W years.
Back then, no one needed the unlimited credit that created those housing bubbles, along with the Savings & Loan crisis (under Reagan) and the Financial Meltdown (under W Bush). Surely some badly needed infrastructure upgrades can only bode well for the future while serving the present.
Just ask the folks of New Orleans if the planned (but not done) levee maintenance upgrades could have saved money and lives?