Hey Paul Krugman!
by Tom on June 9, 2009
in Market Musings
It makes you wonder what’s happening when you get an avowed liberal and an avowed conservative both agreeing that the reasons we’re facing higher interest rates has to do with the fact that we’re spending way more money than we have.
Got to make you wonder…..
Tom Vanderwell
Retire Rich 2009: America’s great debt threat – Jun. 9, 2009
Normally Paul Krugman, the liberal pundit and Nobel laureate in economics, and Paul Ryan, a conservative Republican congressman from Wisconsin, share little in common except their first names and a scorching passion for views they champion from opposite political poles. So when the two combatants agree on a fundamental threat to the U.S. economy, Americans should heed this alarm as the real thing. What’s worrying both Krugman and Ryan is the rapid increase in the federal debt – not so much the stimulus-driven rise to mountainous levels in the next few years, but the huge structural deficits that, under all projections, keep building the burden far into the future to unsustainable, ruinous heights.
