IT TALKS! BLAH BLAH BLAH…TAX CUTS BAD…DEFICITS AND GOVERNMENT SPENDING GOOD!
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It’s Comrade Krugman’s nightmare. New York Times Columnist and Nobel-prize winning economist Paul Krugman can’t imagine anything worse than a Republican in the White House again. On an Oct. 24 broadcast of Huffington Post Live, Krugman warned that a Romney victory could cause America to become chaotic like Greece. “It’s the Republican policies that are much more likely to make us end up like Greece,” he stated.
Krugman also predicted a double dip recession due to “tax cuts for the rich, who won’t spend them and slash spending for the poor and the middle class, who will be forced to cut back.” These things will result in “a simultaneous deficit explosion and a double-dip recession.”
SOURCE: http://newsbusters.org