When I read Krugman, I think, “why does the NYT pay him, since he is wrong on every issue?”
The answer: partisanship trumps truth, but that’s another post.
Reading Big Fiscal Phonies, I agreed with part of a heavily abridged section of his op-ed:
Paul Ryan, the chairman of the House Budget Committee…has somehow acquired a reputation as a stern fiscal hawk despite offering budget proposals that, far from being focused on deficit reduction…would increase, not reduce, federal debt.
He should have stopped there.
Of course he did not, and goes on to attack people wanting to keep the fruits of their own labor, and uses ad hominem attacks on New Jersey Gov. Christie for doing a “yelling-at-people thing” and having an “outburst”. Keep your voices down, children.
Then he attacks those evil wealthy people:
Yet Mr. Christie has been adamant that New Jersey is on the way back, and that this makes room for, you guessed it, tax cuts that would disproportionately benefit the wealthy.
So, tax reduction would give more back to the people who had more stolen from them? Be quiet, and remember – keep your voice down.
If you were worried he wasn’t going to ridicule Christie for the Jersey vernacular, you shouldn’t. Because it is something we can all get behind. Jersey Shore sucks! And they talk dumb too!
New Jersey, then, is still in dire fiscal shape. So is our tough-talking governor willing to reconsider his pet tax cut? Fuhgeddaboudit.
He concludes with his go-to Republican bashing with their “reverse Robin Hood policies”. And we all know that fairy tales provide the morality that we are to live by, and stealing from the rich to give to the poor makes stealing good.
“Thou Shalt Not Steal, Except By Majority Vote.”
On the other hand, there is the Aesop’s fable of Avaricious and Envious.
Two neighbours came before Jupiter and prayed him to grant their hearts’ desire. Now the one was full of avarice, and the other eaten up with envy. So to punish them both, Jupiter granted that each might have whatever he wished for himself, but only on condition that his neighbour had twice as much. The Avaricious man prayed to have a room full of gold. No sooner said than done; but all his joy was turned to grief when he found that his neighbour had two rooms full of the precious metal. Then came the turn of the Envious man, who could not bear to think that his neighbour had any joy at all. So he prayed that he might have one of his own eyes put out, by which means his companion would become totally blind.
“VICES ARE THEIR OWN PUNISHMENT.”
Reading Krugman is another form of punishment.