GOP slammed by Nobel-Winning Economist, Paul Krugman.

How this guy has any credibility left, or a job for that matter, is beyond me.

adeficit 7

I used to think “Nobel-Winning” actually meant something until Barack Obama and this guy won one.

adeficit 5

“This guy” being “Economist” Paul Krugman…, and I use the term “economist” VERY loosely.

Krugman hasn’t been remotely close to being right about anything he’s said regarding the economy in like forever.

adeficit 3

That’s probably because he’s more interested in spreading desired liberal propaganda economic narratives rather than actually analyzing our real economy.

Lee Moran, of the ever disgusting HuffPost, reports that, “Nobel Prize-winning economist Paul Krugman blasted the GOP [The Grand Old Party, or Republicans] for ‘the most cynical policy reversal of modern times,’ and warned their bold duplicity may help President Donald Trump secure a second term in office.”

Oh…, I can’t wait…, this should be interesting!

adeficit 6

“Fake Newsers” are always more than happy to regurgitate other fake news propaganda…, no matter how hypocritical or idiotic it is.

“In his latest column for The New York Times [Guaranteeing the fakeness of it!], Krugman called out the ‘broader pattern of breathtaking fiscal hypocrisy, in which the G.O.P. went from insisting that federal debt posed an existential threat under Obama to complete indifference to budget deficits under Trump.’”

‘“This 180-degree turn is, as far as I can tell, the most cynical policy reversal of modern times,’ he argued.”

How dare anyone in politics change their mind, right Paul?!

“Krugman predicted ‘this cynicism may win Trump the election’ because ‘what’s driving the U.S. economy now is the very deficit spending Republicans pretended to be horrified by during the Obama years.’”

Ok…, wait…, this is too good!

What Mr. Krugman is saying is President Trump may win re-election because he and the republicans have changed their position on the federal deficit, and they have now chosen to ignore it like the democrats have been doing!

That’s beautiful.

adeficit 2

It’s not fair!  You can’t be irresponsible about the federal deficit…, that’s our job!

In all fairness to President Trump, he didn’t run particularly on reducing the federal deficit, and he never pretended to be overly concerned about it.

And those fiscally conservative republicans are still out there…, they’re just not putting up much of a fight right now.

Being responsible with the nation’s money is just not a winning argument these days.

So, like they say…, “when in Rome, do as the Romans do,” and “if you can’t beat ‘em, join ‘em.”

Being responsible sucks!

Chaaaaarge it!

adeficit 8

I value your feedback and I’d love to hear from you!

If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know you “like” my blog, leave a comment or click the white “FOLLOW” button at the bottom of that page, which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

 

Americans are facing DEBT, DEBT, and more DEBT!

Did I mention that Americans are facing a lot of debt?

Thanks to incompetent politicians, on every level of government, and from both parties, the American people are facing a mountain of debt.

debt 1

Our current federal debt is around $22 billion, or about $63,000 for every man, woman and child.

That amount increases quite significantly if we only consider those of us who actually pay income taxes.

debt 3

State debt seems to be reserved for those “blue” states which lean to the left.

Here are the heavy hitters:

California – owes $158 billion or $3,980 per person.

New York – owes $144 billion or $7,385 per person.

New Jersey – owes $65.5 billion or $7,360 per person.

Illinois – owes $56.4 billion or $4,441 per person.

Then we go down to the city level of government, where Frank Miles for Fox News says, “America’s largest cities are drowning in debt, with Chicago leading the way, a study finds.”

“America’s 10 largest cities, largely [actually without exception] Democrat strongholds, are drowning in municipal debt, according to a new report from government watchdog Truth in Accounting.”

“The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600.”

Chicago’s Taxpayer Burden per person: $119,110

New York City’s Taxpayer Burden per person: $85,600

Los Angeles’ Taxpayer Burden per person: $56,390

Philadelphia’s Taxpayer Burden per person: $50,120

San Jose’s Taxpayer Burden per person: $43,120

San Diego’s Taxpayer Burden per person: $35,410

The United States is the richest country in the world, and our government, by a huge margin, collects the most taxes from its citizens in the world.  So, what’s the problem?

“The problem is not that people are taxed too little, the problem is that government spends too much.” –  Ronald Reagan

Yes…, our government spends way too much.

debt 5

How can our government spend so much while so many of our people are homeless?

How can our government spend so much while so many of our schools are falling apart and many of our children go uneducated?

How can our government spend so much while much our infrastructure is crumbling around us?

The answer to these questions is we keep electing politicians whose priorities are irresponsible and politicians who are willing to keep kicking the “debt can” down the road.

Can you believe we owe all of this money, yet we still give money away to support other foreign countries?

We have to borrow money so we can give it away.

That should be illegal.

Our country should only be able to give money away if we have a surplus of money.

Duh…, just sayin’.

debt 4

debt 6

NOTE:  If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know you “like” my blog, leave a comment or click the “Follow” button which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

Blog at WordPress.com.

Up ↑