Krugman: "[Debt Deal] a Political Catastrophe for Democrats"

...to which I respond, "crocodile tears". Democrats haven't lost anything except a trillion (stolen) dollars given to their moocher base in lieu of votes; and a chance to kick the can down the road for a little while longer.

But, let's savor the reactions found at the Old Gray Lady for just a bit, shall we?

Dr. Paul Krugman, Economist, Nobel Prize Winner, Keynesian, is beside himself.

"the deal..is a disaster." Quit yer whining, toad. This is the best you can get, and likely better than you deserve. Your Keynesian stimulus plans failed to restart this economy; your desire to Eurosocialize this nation to French status will never work. We tried to take even more; this little pittance off the top may not satisfy the credit agencies as it is. You've Moody's and S&P's to worry about, not just your moocher base you trapped using Other People's Money.

"[the deal] will take America a long way down the road to banana-republic status." We are but one more economic crash away from that status anyway, Krugman, thanks! to this nation's spending habits.

"And then there are the reported terms of the deal, which amount to an abject surrender on the part of the president." He too got more than he deserved to get. If Barack Obama hadn't listened to the likes of you, Keynesian economists, and overdid the Spendulus plan (which didn't work, but did serve to line the pocketses of churlish Democratic supporters) then we wouldn't be having to raise the debt ceiling so quickly and by so much. Let Barack Obama suffer politically for what he's 'accomplished', which amounts to, bottom-line, costing this Republic more than he's worth.

"Make no mistake about it, what we’re witnessing here is a catastrophe on multiple levels. " Whine all you like. While you're whining, remember your attacks on the Tea Party, and how you posited that unless we raise the debt ceiling, the Nation would Collapse. So, accept what you've got, shut the fuck up and go on about your LeftLibProgg ways - none of which are helpful to this Republic's survival.

Here's a quick and dirty word cloud of Krugman's editorial this morning; capturing the essence of his despair:

disaster, damage, worse, extortion, depressed, slash, reduce, weaken, surrender, collapse

Oh, I'll leave you with this graph, found at Director Blue's blog, showing the spending broken down 1981-2012, crediting the Congress (NOT the president). Note that Clinton's 'spending' wasn't really 'Clinton's spending' after all; and Bush's spending post-2006 was actually spent by a Democratic Congress.

• The vaunted "Clinton Surplus" was, in fact, the work of a GOP House that was willing to fight for fiscal sanity (current Ohio Governor John Kasich was one of the architects of the surplus); in addition, two events conspired to turbocharge the economy -- in spite of Clinton, not because of him.

• Liberals like to talk about Reagan's deficits, but they ignore the fact that every budget Reagan ever sent to the Democrat-controlled House was declared "dead on arrival". Reagan supported a Balanced Budget Amendment, sought to eliminate useless agencies like the Department of Education, and otherwise believed in the U.S. spending within its means.

• Since the Democrats took control of Congress in 2007, they have jammed through the most fiscally irresponsible spending programs in world history (I won't use the word "budget", because they've refused to propose a budget for roughly 822 days).

All's that matters now is who can cut the most spending, because obvious to anyone who isn't a moocher, we've spent too much.

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