What does a communist do In the midst of the disastrous obamacare rollout?

[Max E.]

Call for more government of course, krugman has lost his mind.

Expanding Social Security
By PAUL KRUGMAN

For many years there has been one overwhelming rule for people who wanted to be considered serious inside the Beltway. It was this: You must declare your willingness to cut Social Security in the name of “entitlement reform.” It wasn’t really about the numbers, which never supported the notion that Social Security faced an acute crisis. It was instead a sort of declaration of identity, a way to show that you were an establishment guy, willing to impose pain (on other people, as usual) in the name of fiscal responsibility.

But a funny thing has happened in the past year or so. Suddenly, we’re hearing open discussion of the idea that Social Security should be expanded, not cut. Talk of Social Security expansion has even reached the Senate, with Tom Harkin introducing legislation that would increase benefits. A few days ago Senator Elizabeth Warren gave a stirring floor speech making the case for expanded benefits.

 

[Ricter]

This article kind of hints that the idea is not originally Krugman's.

 

[Max E.]

Quote from Ricter:

This article kind of hints that the idea is not originally Krugman's.

While the idiotic politicians idea might not be his, as a so called economist, krugman should know better than to say something so fucking stupid.

 

[Ricter]

But based on your logic, I suppose my company was wrong to, during a quite challenging SAP implementation, also buy and install a plasma profiler for the shop floor.

 

[Max E.]

Quote from Ricter:

But based on your logic, I suppose my company was wrong to, during a quite challenging SAP implementation, also buy and install a plasma profiler for the shop floor.

No its more like this, if i purchase a product from samsung, and samsung overcharges me, sends it to me late, sends it to me broken, then refuses to take responsibility.

If the next time i decide to purchase electronics, i decide to go back to samsung, i deserve to get fucked.

That whole fool me once shame on.... shame on.... well the point is we cant be fooled again.

 

[Ricter]

The ACA websites will be fixed, and the merits (or lack thereof) of expanding SS will be debated (or not), and the two will have no utterly no bearing on each other.

 

[jem]

sure... lets keep spending more money we don't have... cause lefties hate our children.

what else could it be... leave each child with enough debt they become servants to the debt?

 

[Ricter]

Quote from jem:

sure... lets keep spending more money we don't have... cause lefties hate our children.

what else could it be... leave each child with enough debt they become servants to the debt?

The debt will never come due.

 

[Max E.]

Quote from Ricter:

The debt will never come due.

yeah but what happens when people stop lending to us and interest rates go to a normal area like 5% on 20 trillion of debt that means we have 1 trillion less per year to spend, which means we have to cut benefits in half.

You know damn well that at the very least it is unsustainable to keep adding more to the debt than the GDP grows every single year.

 

[Ricter]

Quote from Max E. Pad:

yeah but what happens when people stop lending to us and interest rates go to a normal area like 5% on 20 trillion of debt that means we have 1 trillion less per year to spend, which means we have to cut benefits in half.

You know damn well that at the very least it is unsustainable to keep adding more to the debt than the GDP grows every single year.

Why would they (being mostly us, until another Reagan comes along) stop lending to us in a future where IRs are 5%+, when they're lending to us today where the real rate of return is low to negative?

Definitely agree with you on the latter. It's important to not let debt/GDP rise too high. Acknowledging that where "too high" begins is not known with certainty.

Edit: btw, my "the debt will never come due" was not intended to be taken literally, but was intended to be a "gross oversimplification" response to jem's gross oversimplification.