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Paul Krugman: Sequester ‘was designed to be stupid’
Nobel Prize-winning economist Paul Krugman used some of President Barack Obama’s language on Friday in describing the spending cuts the president signed into effect. While the federal sequester isn’t as bad as the “fiscal cliff” debate that tied up Congress and the White House at the end of 2012, Krugman…
Krugman on Obama’s State of the Union: ‘The less he says about the deficit the better’
Chris Hayes noted on UP with Chris Hayes on Sunday that the Congressional Budget Office recently found, as others had argued before, that the sequester will not be good for the GDP. “GDP will grow slowly in 2013 because of fiscal tightening by the federal government that is scheduled to…
Krugman schools ‘Morning Joe’ on austerity: ‘How many times’ do I have to be right?
Nobel prize-winning economist Paul Krugman on Monday attempted to give the panelists on MSNBC’s Morning Joe a lesson about why austerity and drastic spending cuts were the wrong solution in tough economic times. “Our track record is actually not bad, we’ve tended to reduce our debt at least relative to…
Estonian president’s Twitter fight with Paul Krugman becomes an opera
A Twitter feud in June between the Estonian president and New York Times columnist Paul Krugman who questioned the impact of Estonia’s austerity measures, is being turned into an opera, US composer Eugene Birman told AFP on Wednesday. “Our short opera will be first performed by Iris Oja and the…
Krugman: DeMint ‘took the think out of the think tank’
Nobel prize-winning economist Paul Krugman says that Sen. Jim DeMint (R-SC) is taking “the think out of the think tank” and turning the Heritage Foundation into a “purely political institution” by accepting a job as its president. The tea party-backed lawmaker announced last week that he would be resigning from…
Krugman: Budget proposals ‘only considered serious if you inflict pain on vulnerable people’
Nobel Prize-winning economist Paul Krugman on Tuesday said it was “unfair” to accuse President Barack Obama of not putting forth serious reforms to Medicare amid the fiscal cliff negotiations. Krugman noted on PBS’ Newshour that Obamacare seeks to reduce Medicare costs without affecting eligibility or benefits. The law is estimated…
Matalin rages at Krugman: You ‘lied’ about Ryan proposing vouchers for Medicare
Republican strategist Mary Matalin on Sunday attempted to lecture Nobel prize-winning economist Paul Krugman, saying he had “lied” by claiming Republican vice presidential nominee Paul Ryan’s wanted to turn Medicare into a voucher system. During panel discussion on ABC’s This Week, Wall Street Journal columnist Peggy Noonan asserted that Republican…
Sen. Rand Paul slams ‘allegedly smart’ Krugman for ‘disingenuous’ statistics
Republican Sen. Rand Paul of Kentucky insisted Monday that economist Paul Krugman was being “disingenuous” during a debate on ABC’s This Week. During the show on Sunday, Paul skeptically asked Krugman why he believed the public sector was currently struggling and if there were fewer government employees under President Obama…
Krugman: Obama ‘screwed up’ the ‘private sector is fine’ line
New York Times columnist Paul Krugman calmly criticized President Barack Obama Monday morning for his much discussed “Private sector is doing fine” quote. “That was an unfortunate line,” Krugman said. “The president bungled the line. The truth is, the private sector is doing better than the public sector, which is…
Estonian president blasts Krugman over GDP graph
Estonian president Toomas Hendrik Ilves mocked Nobel Prize-winning economist Paul Krugman on Wednesday over a column published in the New York Times. “Let’s write about something we know nothing about & be smug, overbearing & patronizing: after all, they’re just wogs,” Ilves wrote on Twitter in response to the column.…
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