Tuesday, February 5, 2013

Krugman: We are Going to Need Death Panels and Higher Taxes

Brietbart reports (My highlight):
Nobel Prize winning “economist” Paul Krugman spoke at Sixth & I Historic Synagogue in Washington, D.C. last week. During the Q&A session following the lecture, an audience member asked him about the rising national debt.

Earlier in the evening, Krugman had already vocalized his satisfaction at President Obama’s apparent lack of concern over the exploding cumulative deficit. However, in a moment of brutal honesty, the esteemed Princeton professor revealed his long term prognosis. According to the professor,

Eventually we do have a problem. That the population is getting older, health care costs are rising…there is this question of how we’re going to pay for the programs. The year 2025, the year 2030, something is going to have to give…. …. We’re going to need more revenue…Surely it will require some sort of middle class taxes as well.. We won’t be able to pay for the kind of government the society will want without some increase in taxes… on the middle class, maybe a value added tax…And we’re also going to have to make decisions about health care, doc pay for health care that has no demonstrated medical benefits . So the snarky version…which I shouldn’t even say because it will get me in trouble is death panels and sales taxes is how we do this.

Bottom line: Krugman knows the truth, the the government constructed healthcare system is crashing.  Meidcare and Obamacare will crash. It will mean Lesscare and more taxes.

Here's the clip:




9 comments:

  1. Is Krugman more concerned about the kind of government society wants or the kind of society government wants?

    ReplyDelete
  2. Hey Wenzel, this might interest you:

    http://www.businessinsider.com/startups-with-billion-dollar-valuations-2013-2?op=1

    Possibly 40 new dot com start ups are worth over $1 billion.

    Another dot com bubble?

    ReplyDelete
  3. So a little truth slips from the Court Economist's lips.

    ReplyDelete
    Replies
    1. That should be "Court Jester", shouldn't it?

      Delete
  4. In a show of good faith, Krugs should volunteer to be the first subject of that death panel.

    ReplyDelete
  5. No, no, no, panels cost money!

    Krugie should lead the way. Knowing that if his fate were left to a death panel, he's toast, he should call a press conference on top of a very tall building, announce his decision too be the first, and step off to the cheers of the crowd and International accolade...

    ReplyDelete
  6. Just one more pile of shit on the sidewalk that some honest, hardworking debt slave will have to clean up.

    ReplyDelete