web analytics
March 1, 2015 / 10 Adar , 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.

Current Top Story
Prime Minister Benjamin Netanyahu and his wife at Ben Gurion Airport as they depart for the US on March 1, 2015, ahead of Netanyahu's speech on Tuesday, before a joint session of Congress.
Netanyahu’s Speech to Congress – Blocked from U.S. Prime Time, Perfect for Israel
Latest Indepth Stories
Israel Prime Minister Benjamin Netanyahu prays at the Western Wall ahead of his speech next week at the US Congress.

Ultimately, Esther, Netanyahu, and we, the Jewish people, must and will rely on the true King, God, for our salvation from this genocidal threat.

Netanyahu carried his message to Americans through the media after meeting with President Obama and castigating Iran at the UN. (September 30, 2013)

Netanyahu addresses a clear, present & lethal threat to the US/Israel/WORLD; NOT political bickering

israel-day-parade-bds

Buried in the tax-returns of the JCF is millions of dollars funneled to NIF in the last few years.

Netanyahu in a previous address to Congress-

Bibi’s speech to Congress will bring respect and honor to the Jewish Nation from the US & the world

Obama & Putin have handwriting/signature clues indicating differences between public & private life

It’s time for a new Jewish policy regarding Ramallah, NOT just because of the yarmulke incident

“GETT’s” being screened for Israeli Rabbinical Court judges at their annual convention.

If Jackson were alive he’d denounce Democratic party’s silence towards virulent anti-Semitism

Victim of Palestinian Arab terrorism, a victor in NY federal court, after years of being ignored by Justice Dept.

March 2013: Arabs hurled stones hitting the Biton’s car; Adele’s mother swerved the car-into a truck

The real issue is that in many respects the president has sought to recalibrate American values and our system of government.

Former Connecticut senator Joe Lieberman, writing in the Washington Post on Sunday, provided one of the clearest and most compelling analyses we’ve seen of the importance of the prime minister’s speech.

A central concept in any discussion about happiness is achieving clarity. “Ain simcha ela k’hataras hasefeikos” – there is no joy as that experienced with the removal of doubt.

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: