When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle.
Consider what New York Times columnist Paul Krugman wrote Monday:
New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts.
This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing and not enough both sides are right, let’s come together and have a solution" (video follows with transcript and commentary):
Last November, MSNBC's Lawrence O'Donnell admitted on air to being a socialist.
In a segment on "The Last Word" Tuesday addressing how Cuba - a country nearing economic ruin - is moving towards capitalism, O'Donnell said, "We are all socialists in this country who support public education, state funded universities, government-run hospitals, Medicare, Social Security, classic socialistic programs that have sensibly found their way into the American economy" (video follows with transcript and commentary):
In an interview with Speaker of the House John Boehner on Tuesday's Today on NBC, co-host Matt Lauer fretted over the upcoming debate on raising the nation's debt limit: "...after the news surfaced that Osama bin Laden had been killed there was this – a good feeling in this country....Are we going to see that unity shattered in the coming weeks when we start to debate things like the debt ceiling?"
Boehner explained the importance of addressing the issue: "45 of the last 50 years we spent more money than what we brought in. We cannot continue to do that without imprisoning the future for our kids and grandkids. So this is the moment, now, to address those problems as adults." In response, Lauer quoted Boehner's recent call for cutting trillions in spending and wondered: "When you look at the gut-wrenching negotiations that took place to get $39 billion in cuts for the 2011 continuing resolution, how in the world are you going to get trillions of dollars in cuts?"
New York Times columnist Paul Krugman Monday wrote another in a series of factually dishonest pieces about budget deficits and what he likes to call 'the Great Recession."
In his "The Unwisdom of Elites," the unabashed liberal made numerous falsehoods and omissions to blame our current economic and budget woes exclusively on George W. Bush and "small groups of influential people":
Last week I noted how the Washington Post published on page A5 a story about how Obama Treasury officials tried but failed to influence Standard & Poor's credit analysts from downgrading the U.S. government's credit outlook from "stable" to "negative."
Today the Post buried on page A14 a story by staffer Zachary Goldfarb about a House of Representatives investigation into the matter:
The governing class in Washington has no excuse for not having addressed our spending issues and formulating a comprehensive federal debt retirement plan before we approached another debt ceiling threshold.
At every possible opportunity, politicians convince themselves that it's always better to kick the can down the road — Democrats because they aren't remotely serious about debt reduction, Republicans because they're afraid of their own shadow.
If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget."
In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the economic consequences:
Everyone but the blind and reckless agrees that the United States faces a dire financial crisis. But only one of the two major political parties is offering a plan that has a reasonable chance of averting this crisis and restoring the nation to financial health.
Obama's ever-changing proposals, allegedly designed to tackle the problem, simply could not work. One of the following must be true: He doesn't agree that the crisis is grave, doesn't understand that his policies can't work, doesn't have the same vision about America as most of us, or doesn't intend for his policies to work. Some people believe he's intentionally damaging America, because they believe he's too smart not to know that we face a crisis and that his policies can't work.