Wednesday, December 14, 2011

Quote of the Day

Professor Krugman on the GOP's flogging of the "debt crisis":


The entire debate has been fake. If you don’t understand that, or can’t bring yourself to admit it, you’re missing the whole story.


Anonymous said...

Remember that the Fed quietly slipped $7 trillion to the banksters and fraudsters and the economy didn't collapse.

Now if that had been used to pay off half of the debt in cash, American government bonds would have shot up in value enough to finance hard times.

So a couple of monopolistic banks and gamblers would have gone broke.
Big deal. That is capitalism.

merlallen said...

I'm real surprised that nobody expected the Repubs to start screaming deficit!! as soon as a Democrat is elected. They do it all of the time.