Friday, July 29, 2011
Krugman is right!
Even when the GOP gets what they want, which is massive, massive cuts in entitlements and other government programs, they are still not willing to concede the other part to the problem - Revenues.
Nobel Prize winning economist, Paul Krugman, lays it out in his column this morning, how if the GOP and the Tea Party really cared about governing and what's best for the people of the United States, they would have agreed to the President's and Democrats' conditions on revenues by closing tax loopholes and eliminating some very popular exemptions in order to pay down the national debt and start bringing cost under control.
As further evidence of the willingness of Democrats to do what's best for the financial stability of the nation, and the world, they even proposed taking out most of their demands on the revenue side of the ledger by pointing out that with both Iraq and Afghanistan winding down, we would be able to count that funding towards reductions in spending.
But yet again, the GOP and Tea Party deny that the money spent on both wars counts towards our deficit spending. Are they really that departed from reality that they thought the wars in Iraq and Afghanistan were freebies? That Iraq and Afghanistan didn't cost this nation a dime? Come on!
So Paul Krugman is absolutely right. Even when the GOP and Tea Party gets everything they want, and more, they care more about what's best for their own political base than what's best for the nation.
Even if Obama agreed with them that the world was flat and that the planet was actually cooling rather than heating up, it still wouldn't be good enough for them.
Don't look, but the GOP and the Tea Party are about to off all the hostages. In case you're wondering who the hostages are - they're US.
Image found at: http://4.bp.blogspot.com/-EgYwwg1_cu4/TZf72R5dPvI/AAAAAAAAA7I/_Hgg663rLm0/s1600/hostage.jpg