web analytics
January 26, 2015 / 6 Shevat, 5775
 
At a Glance
InDepth
Sponsored Post


Home » InDepth » Op-Eds »

Krugman’s Lament

For Krugman the move from 1.3 trillion to 1.1 trillion is "down a lot."

paul_krugman_with rose

Originally published at The American Thinker.

Paul Krugman laments but does not condemn the voting public for getting it wrong. We are, after all,  “… often misinformed, and politicians aren’t reliably truthful.” So it is at least not our fault when we get it all wrong. Get what wrong?

Well, Krugman wondered whether the public was clueless about whether “the deficit has gone up or down since January 2010.” He got one of his pals, Hal Varian, to run a Google Consumer Survey on the question. And guess what? We got it wrong, “A majority of those who replied said the deficit has gone up, with more than 40 percent saying that it has gone up a lot. Only 12 percent answered correctly that it has gone down a lot.” So, according to Krugman, under [in spite of?] Obama the deficit has gone down a lot since 2010.

The amount of the deficit in 2010 was 1.3 trillion. The amount of the deficit in 2011 was 1.3 trillion.

Obama’s 2011 deficit same as 2010: $1.3 trillion

That means big things must have happened in  2012, right?

For fiscal year 2012 the federal budget deficit will total $1.1 trillion

Wow. Did we get that wrong. For Krugman the move from 1.3 trillion to 1.1 trillion is “down a lot.”

Now maybe Krugman had the projected government deficit for 2013 in mind. That is projected to be .7 trillion.  But he didn’t ask that did he? He didn’t even ask if the deficit for 2012 is lower than the deficit in 2011. He just asked if the deficit has gone up or down.

But which is it Mr. Krugman? You’ve been telling us that deficits don’t matter. If they don’t matter why should we, the clueless misinformed, pay attention? But now you seem to be suggesting that a reduced deficit is a good thing and that you and the Obama administration should take credit for the reduced deficit in 2013 – forced sequestration, condemned by you and the Obama administration, had nothing to do with the 2013 drop in the deficit?

So if deficits go up it doesn’t matter but if they go down it’s a good thing? Well, count me among the clueless.

Read more: http://www.americanthinker.com/blog/2013/08/krugmans_lament.html#ixzz2cRV1ZhGB
Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Krugman’s Lament”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Hassnain Aliamin , one of four Muslim teenagers who attacked a Jew in Gateshead.
‘Let’s Go Jew-Bashing’ Muslims Hauled into British Court
Latest Indepth Stories
The Striped Hyaena

Israel has some wild places left; places to reflect and think, to get lost, to try to find ourselves

British Flag

The British government assured Anglo-Jewry that it is attacking the rising levels of anti-Semitism.

Golan map

Obama’s Syrian policy failures created the current situation in the Golan Heights.

Social Media pic

Our journey begins by attempting to see things differently, only then can we be open to change.

Despite Western ‘Conventional Wisdom&PC,’ the Arab/Israeli conflict was never about the Palestinians

Confrontation & accountability, proven techniques, might also help dealing with religious terrorists

In fact, wherever you see soldiers in Paris today, you pretty much know you’re near Jewish site

Inspired by the Perek Shira pasuk for “small non-kosher animals” we named the bunny “Rebbetzin Tova”

The abuse following publication proved a cautionary tale: no one followed in Peters’s footsteps

Plainly, there is no guiding hand dictating choices across the board.

How many sites that tell you to check your politics at the door have 10,000 likes?

In this particular case, the issue was whether the Arkansas prison system could prohibit, for security reasons, a devout Muslim’s maintaining a beard of a certain length as a matter of religious practice.

While we recognize the Republican Jewish Coalition is hardly a non-partisan outfit, a snippet from a statement the group released is worthy of note:

“These are good matzah balls,” my aunt Robertine would say, but her sister Irma would counter “No, not compared to Mama’s. They were always so light yet they never fell apart.”

More Articles from Richard Butrick
paul_krugman_with rose

For Krugman the move from 1.3 trillion to 1.1 trillion is “down a lot.”

Printed from: http://www.jewishpress.com/indepth/opinions/krugmans-lament/2013/08/19/

Scan this QR code to visit this page online: