According to Paul Krugman of The New York Times, we need another $800 billion stimulus. The first one, you see, wasnâ€™t big enough. â€œThe stimulus right now makes almost no difference,â€ Krugman recently said at the World Knowledge Forum in Seoul. And for those who worry about the deficit, he had these soothing words: â€œWhat does a trillion dollars of borrowing do to the U.S. long-run fiscal position?â€
Lying left-wing scumbag. The correct question is “What does ten trillion (or, more likely when the socialist in the White House gets done, twenty trillion dollars of borrowing do?
But since Krugman, supposedly at one time a “respectable” thinker who hasn’t been that for decades, knows only how to lie for the Red Banner at the Gray Lady, I doubt we can expect anything else but snake oil and outright lies at this point.